DETAILS
TP: 4293.50
SL: 4301.50
BIAS
Bearish. DXY looks like it pinged off the bottom of a daily candle FVG at 10:02 AM and 10:03 AM. ES is at the top of the Weekly candle liquidity gap.
ENTRY REASON
FVG on the 1min candles that was traded back into mean threshold.
RESULT
Collapsed the trade in profit at +3 handles.
REFLECTION
Because the market is not showing any willingness to trend in any direction, I took a sniper trade entry and exit on this one.
I was monitoring the 1min FVG in DXY at 10:04 to see if price wanted to close in it, it did not. It wicked in and pressed higher. That should have given me confidence that DXY was going to sail. Profit is profit at the end of the day :)
10:15 AM Update: 5 handle target would have been hit. Glad to know I was on-side and my analysis was correct at this point in time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-06-07 10:05:19 | ESM3 | sell | $4298.50 | short |
2023-06-07 10:07:40 | ESM3 | buy | $4296.00 | 0 |
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