DXY ANALYSIS, TRADE IDEA FOR OTHER MAJOR CURRENCIES

Since this is NFP us traders have to be careful with what trades we get into. Although if my analysis is correct we can catch some nice movements during NY sessions, Asian sessions, or London sessions. As of the beginning of the week I was bearish on the dollar and caught some very clean price action. I still am bearish to some degree. I want to see the DXY possibly for NY session trade into this Order block I have highlighted and drop down. It's important to note that the open of the Order I have highlighted was the close of a Bearish Daily Order block. For me these are confluences that the market will respect this order block and drop. If the market takes out this 4hr Order block we should see a run to that volume imbalance that I have highlighted. During this time of the year the dollar makes initial lows and makes a run to the upside throughout the summer so I would like to catch the lows and look for some short opportunities on major currencies in the long run.

Comment:

Forget to put this in there, If I am bearish on the dollar I will be looking for short term buys on other major currencies