DXY
May 20
Parent range discount
Previous range discount
Parent sentiment Bullish
May 19 Delivery
*Sunday's delivery we gap open sending price lower from premium to a discount.
*Asia opened and expanded lower and then consolidated
*London price rallied to take equal lows, inefficient delivered prices, stopping within pips of May 8 lows.
*NY retraced 50% of the run closing in a consolidation.
Did we make the low of the week?
Was this a run on sell stops cause this pair is bull bias?
May 20 Idea
Logic says price cleared out sell side liquidity, it should gravitate to inefficient delivered price from yesterdays delivery, it is in a double discount, I suspect today could be a buy day.
Considerations
1 huge range could see price in consolidation day, choppy price action, yuck
2 no news can sometimes be days where you can get chopped up too
Stay sharp read what the chart is giving to me
NO NEWS M/T/W
May 20
Parent range discount
Previous range discount
Parent sentiment Bullish
May 19 Delivery
*Sunday's delivery we gap open sending price lower from premium to a discount.
*Asia opened and expanded lower and then consolidated
*London price rallied to take equal lows, inefficient delivered prices, stopping within pips of May 8 lows.
*NY retraced 50% of the run closing in a consolidation.
Did we make the low of the week?
Was this a run on sell stops cause this pair is bull bias?
May 20 Idea
Logic says price cleared out sell side liquidity, it should gravitate to inefficient delivered price from yesterdays delivery, it is in a double discount, I suspect today could be a buy day.
Considerations
1 huge range could see price in consolidation day, choppy price action, yuck
2 no news can sometimes be days where you can get chopped up too
Stay sharp read what the chart is giving to me
NO NEWS M/T/W
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