DXY has broken its bullish cycle and we are about to head into a strong general Bearish Trend . As a day trader, The Daily, 4H, and 1H tend to be my go-to timeframes, and on these time frames, the market has broken to the downside, breaking through the trend, so a correction or retracement is imminent.
The Formation of the BULLISH Triangle on the 4H timeframe, shows the incoming of a Bullish short time move for next week.
The PINBAR on the weekly time frame acts as a strong indicator for this to happen, I will watch out for the price action of the various support level that price might act on.
The Formation of the BULLISH Triangle on the 4H timeframe, shows the incoming of a Bullish short time move for next week.
The PINBAR on the weekly time frame acts as a strong indicator for this to happen, I will watch out for the price action of the various support level that price might act on.