DXY Looks good to look for longs. Arguably, I will be looking for scalping longs only on Friday. This is due to no high impact news to drive price, hence, we might face consolidation on higher timeframe.
Could it be because I have a Weekly and Daily FVG further down which are not yet confirmed?
Could it be because there is no news today?
Was my entry time wrong?
Or what else could it be?
Price respected Weekly's bearish imbalance to continue lower. Still price is within the weekly's context area to which is suitable to look for entries in lower timeframes targeting weekly's swing low (POI).
Once, the Weekly POI get's tagged we might look to continue to the next POI (Point of Interest). Likely, the daily swing lows.
What's Next?
Pontetial target...
Price respected Weekly's bearish imbalance to continue lower. Still price is within the weekly's context area to which is suitable to look for entries in lower timeframes targeting weekly's swing low (POI).
Once, the Weekly POI get's tagged we might look to continue to the next POI (Point of Interest). Likely, the daily swing lows.
What's Next?
Potential target...
