DXY - waiting patiently like a sniper!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

on WEEKLY: DXY is approaching strong support in green (88.0 - 89.0) so we will be looking for buy setups on lower timeframes.

on H4: DXY is trading inside this red channel so we are overall bearish now, and a movement till the lower green support would be expected. Then we will be looking for buy setups!

the upper red trendline is not valid yet (as it connects only two swings) so we are waiting for a third swing to form around it to consider it valid and then buy on its break upward.

Trigger: Waiting for a momentum candle close above the gray area to buy.

for now since DXY is sitting around the upper red trendline, a bearish movement would be expected for it to form the third swing high around the trendline.

and until the buy is activated, this one would be overall bearish and can still dive inside the green zone.

As price approaches our upper blue resistance and brown trendline, we will be looking for sell setups.

Good luck!