10 YEAR T-NOTE HTF ANALYSIS 11/2 SESSION
Summary :
Price trading lower, creating new yearly low, and it reverse to trade higher. However it created an insignificant low, creating a new equal lows (liquidity) bellow. The price doesn't break the higher swing (BMS) and created confluence to trade lower. But we have to be careful cuz it's still trading on a range, so it's possible for the price to trade higher, but for this time it's safe to assume it's gonna trade lower.
Confluence :
-10&20 EMA (DAILY) = BEARISH
- BEARISH DAILY BMS
- 1D BEARISH OB + RTO
- 1D ICT BEARISH BREAKER
- MOST RECENT LIQUIDITY RUN ON SHORT TERM SWING HIGH + STOP HUNT (SH)
Conclusion :
-Bias = Bearish, Bullish for Dollar, Bearish for Major Foreign Currencies (EUR,GBP, etc.)
-Target = Old Low (In this case Yearly Low)
-Probability = MEDIUM
-Suggestions = Find another confluence, in the dollar index & the pairs that you want to trade, Higher Time Frame Or Lower
Price trading lower, creating new yearly low, and it reverse to trade higher. However it created an insignificant low, creating a new equal lows (liquidity) bellow. The price doesn't break the higher swing (BMS) and created confluence to trade lower. But we have to be careful cuz it's still trading on a range, so it's possible for the price to trade higher, but for this time it's safe to assume it's gonna trade lower.
Confluence :
-10&20 EMA (DAILY) = BEARISH
- BEARISH DAILY BMS
- 1D BEARISH OB + RTO
- 1D ICT BEARISH BREAKER
- MOST RECENT LIQUIDITY RUN ON SHORT TERM SWING HIGH + STOP HUNT (SH)
Conclusion :
-Bias = Bearish, Bullish for Dollar, Bearish for Major Foreign Currencies (EUR,GBP, etc.)
-Target = Old Low (In this case Yearly Low)
-Probability = MEDIUM
-Suggestions = Find another confluence, in the dollar index & the pairs that you want to trade, Higher Time Frame Or Lower
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