USD Index (DXY, DX1!, ) Weekly Update.... BEARISH
Yes, I did call for bearishness in the Weekly Outlook. And yes, the USD has moved bullishly since Tuesday. However, I did state that price would move up into the fair value gap, and from there, the bears would take over.
Remember, I described an External to an Internal RUn on LQ. Price has moved from Discount to Premium prices. Currently, price is positioned to make the downward move!
I do believe price has finally started to turn over, as the FVG has been filled ... to the pip!
We should be looking to see the bearish FVG will hold, and watch for valid sell setups.
I do not trade DXY, but use it as an indicator, as I mentioned in the Outlook video. I would be looking for buys in xxxUSD pairs, and sells in USDxxx pairs. Also, Gold should continue upwards, as well as S&P, NAS, and DJ.
May profits be upon you.
Remember, I described an External to an Internal RUn on LQ. Price has moved from Discount to Premium prices. Currently, price is positioned to make the downward move!
I do believe price has finally started to turn over, as the FVG has been filled ... to the pip!
We should be looking to see the bearish FVG will hold, and watch for valid sell setups.
I do not trade DXY, but use it as an indicator, as I mentioned in the Outlook video. I would be looking for buys in xxxUSD pairs, and sells in USDxxx pairs. Also, Gold should continue upwards, as well as S&P, NAS, and DJ.
May profits be upon you.
