The dollar index has been bearish lately Deeping even deeper on CPI day last week.
However, this deep was to an old buyside imbalance sell side inefficiency on the daily timeframe. Just before the D1 bullish Order block.
EXPECTATIONS COMING WEEK OR WEEKS:
Im expecting the dollar index to retrace and fill in old or previous liquidity void it created on CPI day, tap into the mitigation block or bearish order block and continue its down ward movement from there.
Remember when the dollar index buys, everything else paired with the usd sells and vise versa.
So should this bullish retracement pan out, EurUSD and Xauusd, XauGuSD should see bearishness coming weeks
Good luck and good trading.
However, this deep was to an old buyside imbalance sell side inefficiency on the daily timeframe. Just before the D1 bullish Order block.
EXPECTATIONS COMING WEEK OR WEEKS:
Im expecting the dollar index to retrace and fill in old or previous liquidity void it created on CPI day, tap into the mitigation block or bearish order block and continue its down ward movement from there.
Remember when the dollar index buys, everything else paired with the usd sells and vise versa.
So should this bullish retracement pan out, EurUSD and Xauusd, XauGuSD should see bearishness coming weeks
Good luck and good trading.