DXY Outlook - DXY is HTF Bearish, it just validated a monthly Bearish OB, however it has also traded into a monthly bullish FVG. Price can choose to do a number of things from here. For ease of analysis I will assume bullish continuation until price shows strongly it wishes to do something else.
There is a daily bullish OB below the weekly open price that may want to be traded into. Should price trade into it early, i would be looking for short term bullish price action to put in a higher high than last week, before a potential reversal. The 2Day balanced price range below last week’s low is a good short term sellside liquidity objective.
There is a daily bullish OB below the weekly open price that may want to be traded into. Should price trade into it early, i would be looking for short term bullish price action to put in a higher high than last week, before a potential reversal. The 2Day balanced price range below last week’s low is a good short term sellside liquidity objective.
Let the algo show you its hand.