drake_zeref

DXY end of June 2023

Short
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TVC:DXY   Indice devise Dollar U.S.
4 hour TF (above) and 15 min TF (below)

In the picture above, price expanded to upside in previous week with high inefficiency after making lower low suggesting a smart money that created this phenomenon. It made a candle that wick to the upside, that if you see it in 1 WEEK timeframe, causing a new gap formed that is delineated with a red box in above picture.

In the picture below, you can see the price leaving a huge gap after it traded upside. that now consolidated in internal liquidity zone /IPDA before next run to external liquidity zone.

The daily is still bearish so after the data collected in the smaller time frame have been analyzed, it made a possibility that price would then run to the upside giving a bull flag pattern that will trap retails to buy or providing buy liquidity for the smart money that trade against them.

this possibility came with a solid 3:1 Risk and Reward
Trade fermée: ordre d’arrêt atteint:
closed thanks
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