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Focus points in this module are key levels and price rejections
When you look at a chart like this, always ask yourself if we are in a trending market or in a consolidating, range bound market. Certain times of the year we will trend, certain times we will consolidate. From march till august or september it’s trending, then it starts to consolidate (daily).
From where price is now like to look at: what was the most recent run on liquidity. Below you see an analysis on DXY. I would expect the market to be bullish for a retracement back up and/or reversal since we’ve been bearish all year.
The opposite goes for EURUSD, ICT is bearish to neutral on this one, since we’ve been uptrending all year.
DXY and EURUSD have clear market structure on daily, the rest is uncertain.
The last leg up with the retracement looks like a false flag, as i look at DXY we could expect a double bottom sweep but it’s also possible that we keep consolidating.
AUDUSD below is in the middle of the dealing range so unclear
USDJPY has a real obvious trading range
ICT has noted: double bottoms/tops, old highs and old lows, yearly high. Vertical lines are the quarterly. The recent dealing range is the high at that yellow dot and the most recent low below that blue line that swept the old low. So we are at EQ now, that’s often a consolidation point. If we’re expecting bullishness on the dollar, we expect USDJPY also to get higher. Check trading consolidations how to trade ranges, but you don’t want to trade a pair in the middle of a range.