Long term bullish bias on the dollar index.
A daily ICT Fair value gap is revisited at a discount price.
The low on 18/10/22 is swept out.
on a lower time frame at 8:30 (GMT-4) you would look for the same thing to occur, a short term low to be swept, around the 8:30 news, and then anticipate a bullish market structure shift where your entry would be at a discount fair value gap in that market structure shift.
But im not trading the dollar...im using it as an "indicator".
when they DXY is long term bullish, foreign currencies and stocks will find it difficult to go higher. This is a risk off situation, meaning that my long term bias on stocks and foreign currencies is bearing.
A daily ICT Fair value gap is revisited at a discount price.
The low on 18/10/22 is swept out.
on a lower time frame at 8:30 (GMT-4) you would look for the same thing to occur, a short term low to be swept, around the 8:30 news, and then anticipate a bullish market structure shift where your entry would be at a discount fair value gap in that market structure shift.
But im not trading the dollar...im using it as an "indicator".
when they DXY is long term bullish, foreign currencies and stocks will find it difficult to go higher. This is a risk off situation, meaning that my long term bias on stocks and foreign currencies is bearing.