Market Analysis. Dangstrat’s June 3-7 Weekly Outlook
$DXY | Monthly
May closed the month inside of April’s monthly range. It left equal highs at PMH but is currently closer to taking out PML so not much of a bias on the higher timeframe at the moment for me.
$DXY | Weekly
If you zoom into the weekly you can see that price has rejected this inverse fvg so ideally I would like to see a move to PML as this week’s objective. Weekly bias is bearish.
$DXY | Daily
A daily close below the open of 5/29 would show a CISD. If it can close below that and also below the 5/3 low, that would give me lots of confidence that we go for PML for the next DOL. For now, the daily chart isn’t giving me a clear read.
$EU | Monthly
Monthly chart showed a strong bullish reaction off the monthly BPR that formed after the retest of the range low so on the HTF I am bullish
$EU | Weekly
Closed last week with a doji which means indecision but price reversed off the weekly FVG and closed above the weekly OB/POI so I’m leaning bullish and am looking for price to draw towards the midrange.
$EU | Daily
Not the best close from Friday to confidently say that we’ll start the new week higher. Since it’s the new month and for HTF I’m bullish we very well could start the new month lower for manipulation before going higher. Will be looking for setups to target EQHs.
$GU | Monthly
Strong reaction off the monthly BPR so am looking for the midrange to be the next HTF DOL
$GU | Weekly
The weekly orderblock within the weekly fvg is a great confluence for a bullish POI (Point of Interest). Will be hunting for long setups inside there if it gives so looking for IRL-> ERL.
$GU | Daily
We we can get a deviation of the midrange it would retest the weekly orderblock, weekly fvg, and daily fvg so in my opinion that’s a high probability POI for longs
Final
Thank you for reading this article. From the CFT team we wish you a happy week and good trades. This article should not be taken as an investment recommendation but in an educational and formative way.
Written by Dangstrat
X: https://x.com/Dangstrat
