Important Smart Money tools were covered in today’s New York Live session. Our Smart Money Trader also covered Premium and Discount concepts, so if you missed the live session be sure to catch the replay in the portal in the Smart Money section. Also, don’t forget that American hero and civil rights leader Martin Luther King Jr. is giving the market a bit of a break as the US Banks are closed for the day.
For DXY, we are looking for a continuation to the upside. On Friday we confirmed a swing low, and can see price likely to trade higher into equilibrium at the ( members only ) level. Look for a potential market maker on the 1H timeframe.
If the Dollar goes higher, EURUSD will drop to ( members only ), ( members only ), then potentially to the ( members only ) discount level. Seasonal tendencies show EURUSD and GBPUSD drop around this time, so we are focused on the imbalances on the way down.
We are expecting GBPUSD to also drop into discount at the ( members only ) level. However, price could retrace to the gap up at ( members only ).
AUDUSD has a potential optimal trade entry for a buy at ( members only ), with TP at ( members only ), TP2 at ( members only ), and a SL at ( members only ) or ( members only ), depending on your tolerance.
NZDUSD seasonal tendencies are a cause for higher prices, and if the Dollar goes up then NZD will remain sideways. NZDUSD reached our targets from last week, so we are staying out of NZDUSD for today. You can look for buy scalps on pullbacks after they take out Monday’s low. If you do, you can use the ( members only ) order block to enter, and look for price to trade up to ( members only ) (potentially to ( members only ), depending on the DXY.
Still looking for a bullish price on EURGBP to up to 0.83768, and then to ( members only ) levels… but the pair is stuck in a range. If price closes below ( members only ), then cancel any buys. These can also be rejection levels to push price back up so be alert, and make sure to mark this on your chart on 15M.
USDCAD traded to our first target, but fell short of the others. The order block at ( members only ) still stands, so you can look for buys at this range. We are going in with a short-term mentality on this pair, and ultimately targeting ( members only ).
For USOIL, we see price is attacking the ( members only ) high. Look for an entry at the ( members only ) level, with a stop loss at ( members only ). If you prefer a trade idea with less risk, take an entry at ( members only ) with a SL at ( members only ). However, we recommend to wait for Tuesday as a better entry date.
GOLD has reached the ( members only ) level as we anticipated. We can start looking for a break in market structure at ( members only ), with a SL at ( members only ). A potential scalp was identified in the NY session, targeting a first TP of ( members only ), but with the possibility to go down to ( members only ) equal low and ( members only ). This strategy can be applied almost everyday when monitoring prices, while projecting the standard deviation and PD arrays. Make sure to tune in to the live session as we cover multiple Smart Money strategies.
BTCUSD is consolidating in a range and is in scalping territory, so we have to see what side it breaks. Because we are bearish on the higher timeframe, we are still looking for a drop to ( members only ) and then for a retracement. Since price has already hit the equilibrium, we may even accelerate down to ( members only ) area.
And there’s a ton more of currency, crypto, commodities and other indices left to go over, paid members get to follow along with the trader daily inside our trading portal.
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