2021/05/11 Recap
DXY – Bearish day. As expected, the dollar stayed below the NYMO and Weekly open and basically moved sideways for the day.
EURUSD – Bullish day. Price did not move higher as expected. It stayed in consolidation right around the Weekly open at 1.2163.
GBPUSD – Bullish day. Also as expected, price consolidated on this pair also. The NYMO at 1.4120 held up as support and forced the price to move sideways the whole day.
2021/05/12
DXY
D1
Liquidity
Above 91.40
Below 89.70
Key Levels
Bearish – 2-Week Prior Low 90.42 … next MB 90.55
Bullish – OB 89.95
Bias – Bearish
H1
Weekly … Big bearish week last week, mainly coming in on Friday after the NFP news. Exactly why I do not trade that day. Going into this week, I am looking for the Dollar to continue dropping. Still targeting the Weekly and Monthly Rejection blocks at the 89.00 level. This could provide strong support; however, the level has been previously tested and there is a large liquidity pool below 89.00. This pool could pull price even lower.
Daily … The Dollar moved up to the 2-Week Prior Low at 90.42 which is in line with today’s NYMO. Price has fallen since and I am expecting it to stay lower on the day. I will be looking for a retrace up to the NYMO area and then targeting the Daily OB at 89.95. Big news release at 08:30 and 10:30 (NY) that could push price down.
EURUSD
D1
Liquidity
Above 1.2240
Below 1.2000
Key Levels
Bearish – RB 1.2325
Bullish – MB 1.2126 … next OB 1.2097 (Weekly)
Bias – Bullish
H1
Weekly … With my expectation for the Dollar to drop, I will be looking for the EURUSD to move higher. A retrace down to the Weekly OB at 1.2097 is possible before the move higher, but not necessary. Still targeting the liquidity above 1.2240 and the Rejection block at 1.2415.
Daily … Price moved down in early trading this morning but has since moved up since the NYMO. I am looking for the Daily Mitigation Block at 1.2126 and the NYMO at 1.2117 to support price and target yesterdays high at 1.2182 and the Hourly OB at 1.2209.
GBPUSD
D1
Liquidity
Above 1.4240
Below 1.3800
Key Levels
Bearish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bullish – Brkr 1.3933 … next OB 1.3945
Bias – Bullish
H1
Weekly … We could be seeing the GBPUSD making a break to move higher and reach for the Weekly and Monthly Rejection Blocks above 1.4200. Ultimately, long term could reach for 1.4375.
Daily … Just like the EURUSD, the GBPUSD dropped this morning but began moving higher at the NYMO. I am expecting price to move higher on this pair also today. Targeting the Monthly Rejection Block at 1.4189 and looking for a retrace down towards the NYMO at 1.4117 for an entry point.
2021/05/12 Recap
DXY – Bullish day. That news release did the exact opposite. We got a huge spike up followed by a huge spike down and then right back up again. Lots of price manipulation happening. Took out both sell and but stops .
EURUSD – Bearish day. Because of that news release, price did the same thing as the Dollar. Definitely not a market to be trading in during that time.
GBPUSD – Bearish day. We did not see the same magnitude of spikes on the GBPUSD as we did on the EURUSD. The price still expanded lower.
2021/05/13
DXY
D1
Liquidity
Above 91.40
Below 89.70
Key Levels
Bearish – OB 91.00
Bullish – 2-Day Prior High 90.24 … next OB 89.95
Bias – Bullish
H1
Daily … That spike down yesterday, reached right to the Weekly Open and then moved higher. After the big move up, I am looking for price to either consolidate today or reach up for the Daily OB at 91.00. We have news again today that could cause big price movement. A move up to that Daily OB and then expansion lower is very possible.
EURUSD
D1
Liquidity
Above 1.2180
Below 1.2000
Key Levels
Bearish – 2-Day Prior Low 1.2123
Bullish – OB 1.2065 … next FVG low 1.1986
Bias – Bearish
H1
Daily … Price has reached a bullish Daily OB and paused just above the Daily FVG. It is possible to see price reverse and move higher from here. However, I will be looking for price to continue lower or consolidate from here. Ideally targeting the Weekly ON at 1.1952 on the low end. Will look for entries around the NYMO at 1.2077 which aligns with a couple other hourly levels to keep price lower.
GBPUSD
D1
Liquidity
Above 1.4240
Below 1.3800
Key Levels
Bearish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bullish – Brkr 1.3933 … next OB 1.3945
Bias – Bearish
H1
Daily … Price has moved down into an Hourly OB at 1.4032 and is sitting there right now. I will be looking for price to continue lower again today. Will be targeting the Daily Breaker at 1.4000 and Daily OB at 1.3945. Entries will be up around the NYMO at 1.4061.
2021/05/13 Recap
DXY – Flat day. The Dollar basically consolidated today as expected, staying right around the NYMO level. Price came close to the Daily OB at 91.00 and the Daily FVG before reversing.
EURUSD – Flat day. We also had consolidation on the EURUSD around the midnight open. During the London session, price reached up to Tuesday’s low at 1.2123 (top of FVG) and has since reversed and started moving lower.
GBPUSD – Flat day. We got the retrace up to the NYMO for an entry opportunity, but when price dropped, it stalled just below the Hourly OB at 1.4032. I exited this trade around noon (due to time of day) for a small gain before price began move too much higher. The entry was actually a little later than I like which is why I quickly exited.
2021/05/14
DXY
D1
Liquidity
Above 91.40
Below 89.70
Key Levels
Bearish – OB 91.00
Bullish – FVG Low 90.36 … next OB 89.95
Bias – Bearish
H1
Daily … The move away from the Daily OB at 91.00 and Daily FVG is bearish. Will be looking for the Dollar to reach towards the Bullish Daily OB at 89.95 now. Looking for a retrace up to the Hourly OB at 90.62 and then a move lower. Targeting at least the Daily FVG low at 90.35. Time of day will determine exit, just as it did yesterday. Beware of the 90.25 where a weak Daily OB lies.
EURUSD
D1
Liquidity
Above 1.2180
Below 1.2050
Key Levels
Bearish – FVG high 1.2123 … next RB 1.2325
Bullish – OB 1.2065 … next FVG low 1.1986
Bias – Bullish
H1
Daily … During the London session this morning, price reached up to Tuesday’s low at 1.2123 (top of FVG) and has since reversed and started moving lower. However, I am expecting price to continue higher. Looking for a reversal around the Hourly Mitigation Block at 1.2097 and targeting the Weekly Open at 1.2163 or time of day.
GBPUSD
D1
Liquidity
Above 1.4240
Below 1.3800
Key Levels
Bearish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bullish – Brkr 1.3933 … next OB 1.3945
Bias – Bullish
H1
Daily … Price is still consolidating today. If anything, I will be looking for a move higher. Targeting the High of the week at 1.4167 or time of day and looking for entry around the NYMO at 1.4045. Unlikely price will move that much, so will probable exit between 10:00 and 11:00 if I actually get an entry.
how can i find seasonal date about GBP and EUR? i have only ever see DXY seasonal where is the best source of information for this? thanks
There is so much information on this thread. It is one of the reasons why I am here on babypips. When I got to know about the forum, I was not very sure about it and the information it offered. But after testing it several times in different markets, I realised that it is what every trader should join.
Use this link for the EUR …
Use this link for the GBP …
2021/05/14 Recap
DXY – Bearish day. The retrace did not quite make it up to the Hourly Mitigation Block at 90.62 that I was looking for. Only made it to the top of the Daily FVG and then dropped. Price reached the initial target of the Low on the Daily FVG, but as noted in the forecast, found support around the 90.25 level.
EURUSD – Bullish day. As forecast, price did move higher during the NY Session. As on the Dollar though, we did not get that full retracement we need for an entry. Price stopped a little shy of the Hourly Mitigation Block at 1.2097 before moving higher. Price did not make to the initial target before closing. Although it did this morning if you hold positions over the weekend, which I never do.
GBPUSD – Bullish day. Same story different pair. Did not get the full retracement needed for entry. But on the GBPUSD, price did reach my initial target of 1.4107, the Hourly Mitigation Block, where it formed the high of the day and subsequently consolidated.
2021/05/17
DXY
D1
Liquidity
Above 91.40
Below 90.00
Key Levels
Bearish – Price Imbalance Low 90.36
Bullish – OB 89.95
Bias – Bearish
H1
Weekly … Expecting price to move lower this week after essentially remaining flat last week. Still targeting the Weekly and Monthly Rejection Blocks at the 89.00 level. No big news until the end of week. This lends to the Dollar remaining bearish early in the week, unless a surprise (Black Swan) event occurs.
Daily … Expecting the Dollar to move lower today. Price already reached up into the Daily Imbalance above 90.36. As mentioned before, these areas proved strong support and resistance. This one has acted as resistance, and price has moved away sharply. I will be looking for a retrace up to the Hourly Mitigation Block at 90.29 and targeting the Daily OB at 89.95.
EURUSD
D1
Liquidity
Above 1.2180
Below 1.2050
Key Levels
Bearish – RB 1.2325
Bullish – Imbalance High 1.2106
Bias – Bullish
H1
Weekly … Looking for price to move higher this week. Ultimate targets are the Weekly and Monthly Rejection Blocks above 1.2400. There could be resistance around the 1.2260 area, but I do not expect this to be strong.
Daily … Price reached for the Daily Imbalance early on, but quickly shot up just before reaching it. I am expecting price to continue higher. Targeting the Hourly OB at 1.2209 and a Prior Daily High at 1.2243. Ideally want to see price retrace a little below the Weekly Open at 1.2146, but it may not.
GBPUSD
D1
Liquidity
Above 1.4240
Below 1.3800
Key Levels
Bearish – RB 1.4189 (Monthly) … next RB 1.4263 (Weekly)
Bullish – 2-Week Prior High 1.4006 … next Brkr 1.3993
Bias – Bullish
H1
Weekly … I am bullish on the weekly price of the GBPUSD. Looking for it to reach up to the Weekly and Monthly Rejection Blocks around the 1.4200 level. These levels were hit back in May and strongly rejected. Will have to see what happens when price reaches this error do the prior test. For now, looking for longs only in this market until we reach those Rejection Blocks.
Daily … Price reached down in early trading and found support at the 2-Day prior high of 1.4078. Price has since moved back up to the Hourly Mitigation Block at 1.4107 and has found resistance. I am expecting this level to give way and let price move higher, reaching for the Monthly Rejection Block at 1.4189. At this moment, there are not any decent entry setups on the M15. The good entry point was hit during the London Session and already moved higher. Will need to watch price for a retrace down to at least the Weekly Open at 1.4097 and watch to see if something forms on the M15.
2021/05/17 Recap
DXY – Bearish day. Nice retrace back up to the Mitigation Block and NYMO for entry opportunities on the EURUSD and GBPUSD. Price immediately dropped and continued dropping this morning, hitting the objective of the Daily OB at 89.95.
EURUSD – Neutral day. Got the retrace down to an M15 level I was looking for at 1.2140. Price then moved sideways so I closed my position for a small gain. However, if held, would have hit the targeted Hourly OB at 1.2209 just a couple hours ago. But I do not usually hold trades overnight. I am usually out of the market by 12:00 at the latest.
GBPUSD – Bullish day. As expected, the NYMO supported price as it consolidated at the Hourly Mitigation Block. And as expected, price eventually broke above and reached the targeted Monthly Rejection Block at 1.4189. because price did not provide an entry until late morning, no trade.
2021/05/18
DXY
D1
Liquidity
Above 91.00
Below 89.70
Key Levels
Bearish – OB 90.19 … next Price Imbalance Low 90.36
Bullish – RB 89.10 (Monthly) … next RB 89.00 (Weekly)
Bias – Bearish
H1
Weekly … Expecting price to move lower this week after essentially remaining flat last week. Still targeting the Weekly and Monthly Rejection Blocks at the 89.00 level. No big news until the end of week. This lends to the Dollar remaining bearish early in the week, unless a surprise (Black Swan) event occurs.
Daily … Big move down this morning, taking the liquidity below 90.00. There is another liquidity area below 89.70 that price could continue moving down into. I will be looking for a retrace higher, ideally up to the H1 FVG above 89.85 and then a move lower to at least the Hourly OB at 89.52.
EURUSD
D1
Liquidity
Above 1.2240
Below 1.2050
Key Levels
Bearish – RB 1.2325
Bullish – Imbalance High 1.2106
Bias – Bullish
H1
Weekly … Looking for price to move higher this week. Ultimate targets are the Weekly and Monthly Rejection Blocks above 1.2400. There could be resistance around the 1.2260 area, but I do not expect this to be strong.
Daily … Big move up already on the EURUSD. I will be looking for a continuation to the upside. But need a retrace back down to at lease 1.2180, which sits just above the NYMO at 1.21668. Then will be targeting the Old Daily High at 1.2243.
GBPUSD
D1
Liquidity
Above 1.4240
Below 1.4000
Key Levels
Bearish – RB 1.4263 (Weekly)
Bullish – 2-Week Prior High 1.4006 … next Brkr 1.3993
Bias – Bullish
H1
Weekly … I am bullish on the weekly price of the GBPUSD. Looking for it to reach up to the Weekly and Monthly Rejection Blocks around the 1.4200 level. These levels were hit back in May and strongly rejected. Will have to see what happens when price reaches this error do the prior test. For now, looking for longs only in this market until we reach those Rejection Blocks.
Daily … Price already moved higher up into the Monthly Rejection Block at 1.4189 and is now moving lower. I will be looking for the NYMO at 1.4176 to support price and then will be targeting todays high at 1.4220 and the Weekly Rejection Block 1.4263. As mentioned yesterday, need to beware of price at this level. Confluence with Weekly and Monthly Rejection Blocks can provide strong resistance and keep price lower. It is also possible that price could consolidate here and allow the EURUSD to move higher.
2021/05/18 Recap
DXY – Bearish day. After moving down early in trading, price essentially consolidated during the NY Session. Price moved up a little but did not make it up to the FVG I was looking for before dropping again.
EURUSD – Bullish day. Price also consolidated on the EURUSD during the NY Session. But this morning during the London Session and reached up to the targeted prior Daily old high at 1.2243. Price is now moving lower from this level.
GBPUSD – Bullish day. Price consolidated around the NYMO during the NY Session.
2021/05/19
DXY
D1
Liquidity
Above 91.00
Below 89.70
Key Levels
Bearish – OB 90.19 … next Price Imbalance Low 90.36
Bullish – RB 89.10 (Monthly) … next RB 89.00 (Weekly)
Bias – Bullish
H1
Weekly … Expecting price to move lower this week after essentially remaining flat last week. Still targeting the Weekly and Monthly Rejection Blocks at the 89.00 level. No big news until the end of week. This lends to the Dollar remaining bearish early in the week, unless a surprise (Black Swan) event occurs.
Daily … Price dropped into the Daily Bullish OB yesterday and today, reaching the midpoint of the OB perfectly, forming the lows for yesterday and today, and then moved higher. This same low from February that sent price on a one-month bull run. Price has had four consecutive days of price drops with two of those being quite significant. We can usually expect consolidation or at least a slight retracement following this. So today I am looking for the Dollar to bounce back a bit. Ideally targeting the Bearish Daily OB at 90.19 and looking for a retrace down towards the NYMO at 89.77 first.
EURUSD
D1
Liquidity
Above 1.2240
Below 1.2050
Key Levels
Bearish – RB 1.2325
Bullish – MB 1.2163 … next Imbalance High 1.2106
Bias – Bearish
H1
Weekly … Looking for price to move higher this week. Ultimate targets are the Weekly and Monthly Rejection Blocks above 1.2400. There could be resistance around the 1.2260 area, but I do not expect this to be strong.
Daily … Price almost made it up into the liquidity above 1.2240, but the Old Daily High at 1.2243 acted as resistance and has rejected price. Today I am looking for price to move down to the Daily MB at 1.2163 which also aligns with the 2-day prior high. First, I will need a move back up to the NYMO at 1.2230.
GBPUSD
D1
Liquidity
Above 1.4240
Below 1.4000
Key Levels
Bearish – RB 1.4263 (Weekly)
Bullish – OB 1.4143 … next 2-Week Prior High 1.4006
Bias – Bearish
H1
Weekly … I am bullish on the weekly price of the GBPUSD. Looking for it to reach up to the Weekly and Monthly Rejection Blocks around the 1.4200 level. These levels were hit back in May and strongly rejected. Will have to see what happens when price reaches this error do the prior test. For now, looking for longs only in this market until we reach those Rejection Blocks.
Daily … Price is still in consolidation. With EURGBP in consolidation but the moving a lower, the GBPUSD could stay in consolidation and allow the EURUSD to move lower with the Dollar moving higher. If price does breakdown, I will target the Daily OB at 1.4143. No trades.
2021/05/19 Recap
DXY – Bullish day. How beautiful was that move yesterday? Price dropped right into the NYMO at 89.77 and the shot up through the targeted Daily OB at 90.19 and found resistance at the Weekly Open of 90.30.
EURUSD – Bearish day. Also a beautiful move on the EURUSD. Price retraced up to the NYMO at 1.2230 and then moved down to the Daily OB at 1.2163. My entry was at the NYMO open of 1.2230 with the stop loss at 1.2250. Exited the position at 1.2170 for 60 pips and 3:1. No I did not wait for the full move down to the Hourly MB or Daily OB. I do not need the full move. In my experience, it has been better to get out just shy of levels to ensure you get filled before a move in the opposite direction.
GBPUSD – Bearish day. Price did break out of the consolidation and moved lower. It reached the targeted Daily OB at 1.4143, consolidated for a few hours, and then kept going … down to the Weekly Open at 1.4097.
2021/05/20
DXY
D1
Liquidity
Above 91.00
Below 89.70
Key Levels
Bearish – OB 90.19 … next Price Imbalance Low 90.36
Bullish – RB 89.10 (Monthly) … next RB 89.00 (Weekly)
Bias – Bearish
H1
Daily … Yesterday gave us the retrace I was expecting after consecutive days of big declines. Today I will be looking for price to either consolidate or continue to the downside. With the lows from yesterday and Tuesday around 89.70, which also aligns with a prior Daily low, there is a big liquidity draw below this level. I am expecting price to expand into the area at some point. Price right now is at the NYMO of 90.14 after bouncing up from an Hourly ON at 89.97. This is the area that I look to enter … on the M15 … but time wise is a bit too early right now. Waiting until at least 08:00 (EST) to see where price is at. Ultimately targeting 89.50 which aligns with an Hourly OB.
EURUSD
D1
Liquidity
Above 1.2240
Below 1.2050
Key Levels
Bearish – RB 1.2325
Bullish – MB 1.2163 … next Imbalance High 1.2106
Bias – Bullish
H1
Daily … Just like on the Dollar, the EURUSD move up to and Hourly OB and retraced back to the NYMO at 1.2182. As mentioned above, this is the area that I that like to enter. Will be looking for a move above the Old High above 1.2243 after 08:00 (EST).
GBPUSD
D1
Liquidity
Above 1.4240
Below 1.4000
Key Levels
Bearish – RB 1.4263 (Weekly)
Bullish – 2-Week Prior High 1.4006 (aligns with Daily Breaker)
Bias – Bullish
H1
Daily … Since the drop yesterday, price has consolidated. There was move up to an Hourly OB at 1.4145 and then retrace back down to the NYMO at 1.4115. I am expecting continued consolidation above the Weekly Open at 1.4097 or a move higher. The EURGBP will determine which happens. The EURGBP is moving up right now so that lends to the GBPUSD moving lower if the Dollar is moving higher along with the EURUSD moving lower. EDIT: If move breaks out to the upside, targeting the Weekly Rejection Block at 14189.
2021/05/20 Recap
DXY – Bearish day. As expected, the Dollar continued to drop. We got a bounce off the Hourly OB at 89.97 up to the NYMO at 90.14 and then price dropped all the way to just above the liquidity area at 89.70. That move up to the NYMO was too early for me to consider an entry on the EURUSD.
EURUSD – Bullish day. Same timing as the Dollar regarding the move back to the NYMO. Price then moved up and has almost reached that old Daily High 1.2243 before dropping a bit.
GBPUSD – Bullish day. We got the breakout that I said might happen because the EURGBP ended up moving down on the day, which is strong for the GBPUSD. Price reached the Daily target at the Rejection Block of 1.4189.
2021/05/21
DXY
D1
Liquidity
Above 91.00
Below 89.70
Key Levels
Bearish – OB 90.19 … next Price Imbalance Low 90.36
Bullish – RB 89.10 (Monthly) … next RB 89.00 (Weekly)
Bias – Bearish
H1
Daily … Looking for the Dollar to continue its move lower. Price is sitting on top of the liquidity below 89.70. I am expecting a move down to at least the Hourly OB at 89.52.
EURUSD
D1
Liquidity
Above 1.2240
Below 1.2050
Key Levels
Bearish – RB 1.2325
Bullish – MB 1.2163 … next Imbalance High 1.2106
Bias – Bullish
H1
Daily … Price is currently sitting below the NYMO even though the Dollar is also below the NYMO. Normally, the EURUSD should be above this level. The reason is because the EURGBP is in the process of making a big move to the3 downside. The Daily old high at 1.2243 has been quite strong as resistance. I am still bullish on the EURUSD today. We could see consolidation if the EURGBP keeps moving down. If the EURGBP finds support, the EURUSD could then move higher above the old high. If we get the move higher, I will be targeting the Hourly OB at 1.2307.
GBPUSD
D1
Liquidity
Above 1.4240
Below 1.4000
Key Levels
Bearish – RB 1.4263 (Weekly)
Bullish – 2-Week Prior High 1.4006 (aligns with Daily Breaker)
Bias – Bullish
H1
Daily … Price has made a strong move higher from the NYMO because of the move on the EURGBP as described above. I am expecting price to move up to at least the Weekly Rejection Block at 1.4263. We could then see consolidation or even a retracement at that level, which would then allow the EURUSD to expand higher. Will need a retrace down towards the NYMO at 1.4177, but not all the way … that is too big of move for it to then turn around and go higher again. Will be looking for something around the 1.4200 level on the M15.
I have bookmarked this thread for future reference. You should definitely share more of these here if you like. Could be helpful to a lot of traders, thanks.
