Dollar Index - Expecting Volatility Once 104.546 Breaks

Aktualisiert
Having a look at US10 and Dollar Index for the recent trading week session, there are similarities that, if continued, those looking to short will be in a lot of pain!
Trade ist aktiv
Equilibrium located at 104.438 has been met
So far so good!
Trade ist aktiv
104.546 T1
Trade geschlossen: Ziel wurde erreicht
Target 1 of 104.546 has been met!
Notice the rapid decline from that exact region causing a intra-day shift in market structure..
Trade geschlossen: Ziel wurde erreicht
Three days of rejection of the bullish daily order block with yesterdays price action peeking it's head above 104.546 before a low resistance liquidity run occurred down to daily sellstops

I want to see 104.294 - 104.221 held this week with the strong possibility for a run up to the daily dealing range equilibrium @ 104.890

Risk off scenario will cause the weakness of FX pairs, Stocks and Stock Indexes

Snapshot
Snapshot
Anmerkung
During the UK session, the market repriced lower, taking the swing traders out of their long position as they would have placed their stop loss below the weekly relative equal lows.

Daily candle is still active with 8:30H left and for the bias of equilibrium to play out, i want to see the daily array of 104.291 - 104.195 respected

Snapshot
Snapshot
Anmerkung
Daily order block outlined in red still in motion.

Candlebody closure below the order block and consequent encroachment of the previous daily candle will negate bullish narrative

Snapshot
Snapshot
Candlestick AnalysisMultiple Time Frame Analysis

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