GU - Weekly Timeframe Analysis (ICT)

20 באוג׳ 2023

There is nothing too significant based on last week's candle. My only observation is that it created equal lows and ended with a green candle.
Based on my analysis on the DXY, I could see that weekly candle being a catalyst to induce the bulls into the market.

The only concerning thing is the Commitment of Trader report with large specs still being heavily long. My experience is limited observing the report week by week, but one thing I've learned is that regardless of the report, bias can change on a dime.