EURUSD, GBPUSD. DXY Weekly Forecast 22//04-26/04
EUR/USD
15/04-19/04 Review
Price tapped into Daily FVG+OB at 1.06000 creating equal lows with lowest being on Tuesday NY and LDN
We created a high on Thursday LDN partially filling in 4H FVG
With this week being a small range I expect next week to have some moves
Weekly Chart
We still have 1.05920 OB just below the equal lows formed this week, Equal lows will have stops rest below and the OB will have institutional sponsorship so i would like to see this being the low of week next week
Daily Chart
20 Day IPDA at a deep discount with Rebalanced range at 1.07800 that i expect to be taken out either this week or next week
News
Tuesday
We have a lot of news for EU
This is also Q2 for the week and Q2 on the day, Q2 being manipulation I am looking for this to be out low of week
NY has a red folder on this day as well witch I expect to be a move on the upside
Wednesday
We have orange folder nothing major
Thursday
Lots of red folder news this is also Q4 of week so a retracement may occur
Friday we also have PCE so i expect the week to finish strong
GBPUSD
Created high of week on Monday LDN and I expect this to be a draw on liquidity for GU
Low of week on Thursday
Quarterly Shift we have had down closes the last 4 month candle so i expect may to turn around
Weekly
Weekly range was very small and we are likely to close next to our open so I expect net week to be a big range
We have an OB just below us that I expect price to reach
Daily
On our Daily we have a liquidity void in the area of our Weekly OB
4H
We may see price jab into FVG that was not fully filled with short term stops being placed above old high
News
Tuesday Q3 of LDN we have red folder GU news
Tuesday we also have USD news
Thursday + Friday strong USD news
Seasonality
GU has a seasonal tendency to rally going into May and create the high of the year
SMT
GU created a lower low to EU higher low and DXYs lower high on Thursday
so I expect bias to be bullish going into next week with EU having the bigger push on the upside
Bias = LONG
#ICT #SMT #InnerCirleTrader
15/04-19/04 Review
Price tapped into Daily FVG+OB at 1.06000 creating equal lows with lowest being on Tuesday NY and LDN
We created a high on Thursday LDN partially filling in 4H FVG
With this week being a small range I expect next week to have some moves
Weekly Chart
We still have 1.05920 OB just below the equal lows formed this week, Equal lows will have stops rest below and the OB will have institutional sponsorship so i would like to see this being the low of week next week
Daily Chart
20 Day IPDA at a deep discount with Rebalanced range at 1.07800 that i expect to be taken out either this week or next week
News
Tuesday
We have a lot of news for EU
This is also Q2 for the week and Q2 on the day, Q2 being manipulation I am looking for this to be out low of week
NY has a red folder on this day as well witch I expect to be a move on the upside
Wednesday
We have orange folder nothing major
Thursday
Lots of red folder news this is also Q4 of week so a retracement may occur
Friday we also have PCE so i expect the week to finish strong
GBPUSD
Created high of week on Monday LDN and I expect this to be a draw on liquidity for GU
Low of week on Thursday
Quarterly Shift we have had down closes the last 4 month candle so i expect may to turn around
Weekly
Weekly range was very small and we are likely to close next to our open so I expect net week to be a big range
We have an OB just below us that I expect price to reach
Daily
On our Daily we have a liquidity void in the area of our Weekly OB
4H
We may see price jab into FVG that was not fully filled with short term stops being placed above old high
News
Tuesday Q3 of LDN we have red folder GU news
Tuesday we also have USD news
Thursday + Friday strong USD news
Seasonality
GU has a seasonal tendency to rally going into May and create the high of the year
SMT
GU created a lower low to EU higher low and DXYs lower high on Thursday
so I expect bias to be bullish going into next week with EU having the bigger push on the upside
Bias = LONG
#ICT #SMT #InnerCirleTrader
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