Last week DOLLAR was Bearish this week DOLLAR Bullish...?
DXY
Top of the Morning I hope all is well!! Paying close attention to the US Dollar is very important when it comes to my trading especially since I trade GOLD...Hopefully this breakdown can help you as well...
I constructed this narrative simply off the Weekly, Daily & 4Hr PA...IMo I believe the US Dollar will be bullish this week here's why, rock w/ me...
1) Buyers pushed price up and Mitigated the HTF Weekly Supply Zone. Instantly they were hit with Resistance...
2) Sellers Instantly entered the market and pushed price back down towards Discounted Demand Levels...($102.800) Daily Swing EQ and just underneath that level lies a Weekly Demand Zone...
3) Now that Sellers have completed their mission last week in driving price back into discounted levels, I believe buyers will enter this week and Buy the price back up into potentially the last Daily Supply Zone before Sellers Swept the eR/LQ Trend to the downside.
4) The last Daily Candle before the market closed was a Indecision candle which could be *** Our 1st confirmation that buyers are getting ready to enter the market LONG...
***Remember NOTHING in the market is set in stone, We play the longterm game of Probabilities...I use the DXY as a major confluence to read GOLD better...
Now lets sit back N stalk like the Saltwater CROC!
#BHM500K #NewERA
Comment:
DXY moving as predicted...str8 Bullish and Mitigated the 1Hr Supply zone and as all know GOLD is moving very bearish rii now currently due to Dollar strengthening...Stay on Point -Management500K
Comment:
Dollar still pushing Higher as predicted last week this week would be....Buyers are in complete control rii now!! Lets stay focused and on point...#500K
#BHM500K #NewERA