<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> Breakaway Gap / Inversion PD arrays / RTH Gap expiration date / Silver bullet example

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DXY Weekly and Daily Charts

DXY_2023-06-28_20-05-12.png

On the weekly chart for DXY we have SIBI. Its important for us to see how we trade there if we reach it. There are 2 scenarios

  1. Act as Resistance and push price lower
  2. Go above it and then come down to act as Support sending price towards the RB, C.E. or BSL.

DXY_2023-06-28_20-10-59.png

EURUSD Daily, Hourly and 15m Charts

EURUSD_2023-06-28_20-18-06.png

There's been some issues with the crops from an agricultural standpoint for folks that follow the commodity market, the grain markets, because there's a drought right now. Corn, wheat, and soybeans are expected to have a difficult year, so that would be bullish for those grain prices. And if that's the case, that would probably be seen with a dollar index that is consolidating or lower. But we have the added uncertainty of war.

EURUSD_2023-06-28_20-25-15.png

The bulls would want to see price above the Weekly FVG and if not, if we have consolidating DXY, EUR can go lower for the REL below the +OB and dig in further into the Weekly FVG.

EURUSD_2023-06-28_20-29-54.png

A breakaway gap is when we have a significant price gap near a swing high or low. In this case, the price is moving lower.

EURUSD_2023-06-28_20-34-36.png

So if the price drops aggressively, that's a very good signature that supports the idea that you're on the right side, and you don't want to see that gap filled. So you would treat it as a breakaway gap.

ESU2023 Top down HTF to LTF

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NQ has already traded into its respective Volume Imbalance, but ES only till the SIBI.

ESU2023_2023-06-28_20-45-08.png

ESU2023_2023-06-28_20-53-12.png