#DXY has made a strong rebound (TA: Dec, 25, 2023 www.tradingview.com/...rt/DXY/wYrbflAl-DXY/).
Now DXY is going to weekly supply ($104.84—$106) and has a liquidity pool in Daily time frame (meaning strong supply), which confirms my long bias for #XAU when DXY hits weekly supply.
Cipher SMC is a trading strategy that involves understanding market structure, supply and demand concepts, and liquidity concepts. It is a mechanical strategy that helps traders identify potential trends and reversals by providing insights into the buying and selling pressure in the forex, stock and crypto market. The strategy allows traders to locate imbalances in the market and provides more information about the market when it opens and when it closes. It is recommended to have a solid foundation with regards to market structure before using this tool. Use these concepts alongside other concepts such as Order Flow, Structure, Liquidity etc to build your overall story! As always, keep it Simple and Systematic and you will be just fine ;)
Kindly note that engaging in FX, stock, crypto investments, and other financial instruments entails inherent risks. We strongly recommend seeking advice from a financial advisor or conducting extensive research before finalizing any investment choices.
Now DXY is going to weekly supply ($104.84—$106) and has a liquidity pool in Daily time frame (meaning strong supply), which confirms my long bias for #XAU when DXY hits weekly supply.
Cipher SMC is a trading strategy that involves understanding market structure, supply and demand concepts, and liquidity concepts. It is a mechanical strategy that helps traders identify potential trends and reversals by providing insights into the buying and selling pressure in the forex, stock and crypto market. The strategy allows traders to locate imbalances in the market and provides more information about the market when it opens and when it closes. It is recommended to have a solid foundation with regards to market structure before using this tool. Use these concepts alongside other concepts such as Order Flow, Structure, Liquidity etc to build your overall story! As always, keep it Simple and Systematic and you will be just fine ;)
Kindly note that engaging in FX, stock, crypto investments, and other financial instruments entails inherent risks. We strongly recommend seeking advice from a financial advisor or conducting extensive research before finalizing any investment choices.
This trading plan combines mechanical strategies with smart money concepts to help you make informed decisions. For more information, please follow me linktr.ee/CipherSMC
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