For a few weeks now DXY market profile: Range bound
In a range bound market price action likes to sweep the highs and lows for liquidity before moving back inside the range. Most traders tend to stay out of this market condition this is actually my favorite market to trade in. IMO In a range market I have a good idea when price is going to stop and reverse due to previous daily chart highs and lows. This is great for my “purge strategy” ICT
My DXY game-plan
Price action traded aggressively on Monday. This could create the high and low of week and price action could stay inside of this new range for the rest of the week, but IMO price action is to close to a key HTF inefficiency (ICT) so I expect price action to pullback into bullish inefficiency (ICT) on the 1 hour chart then continue long taking out short term equal highs (ICT) as price heads towards HTF bearish inefficiency (ICT)
I’ll remain bullish until price action gets to 94ish area.
In a range bound market price action likes to sweep the highs and lows for liquidity before moving back inside the range. Most traders tend to stay out of this market condition this is actually my favorite market to trade in. IMO In a range market I have a good idea when price is going to stop and reverse due to previous daily chart highs and lows. This is great for my “purge strategy” ICT
My DXY game-plan
Price action traded aggressively on Monday. This could create the high and low of week and price action could stay inside of this new range for the rest of the week, but IMO price action is to close to a key HTF inefficiency (ICT) so I expect price action to pullback into bullish inefficiency (ICT) on the 1 hour chart then continue long taking out short term equal highs (ICT) as price heads towards HTF bearish inefficiency (ICT)
I’ll remain bullish until price action gets to 94ish area.