Hello everyone 👋
Today I bring DXY .
This is a follow up on an idea I have recently sheared titled "Dollar$ Down"
• The DXY didn't push down as expected but instead continued to go up correctively to for a larger ascending type correction.
• Nothing much has changed in the HTF as we seem to have just got out reversal impulse to the downside after price has formed a LTF ascending/ expanding type structure.
• We did break and form LTF continuation corrections
(See analysis here
HTF:
LTF :
)
and now price has reached the 90% of the LTF correction.
• It would be best (in my opinion) to wait for price to break pass the 90% and form another possible continuation correction.
• If price does not push pass but instead rejected or form any type of LTF reversal Patterns I will not look to jump into this trade as the HTF and LTF will have conflicting Bais.
Thank you .
Today I bring DXY .
This is a follow up on an idea I have recently sheared titled "Dollar$ Down"
• The DXY didn't push down as expected but instead continued to go up correctively to for a larger ascending type correction.
• Nothing much has changed in the HTF as we seem to have just got out reversal impulse to the downside after price has formed a LTF ascending/ expanding type structure.
• We did break and form LTF continuation corrections
(See analysis here
HTF:
and now price has reached the 90% of the LTF correction.
• It would be best (in my opinion) to wait for price to break pass the 90% and form another possible continuation correction.
• If price does not push pass but instead rejected or form any type of LTF reversal Patterns I will not look to jump into this trade as the HTF and LTF will have conflicting Bais.
Thank you .
Comment:
Correct Chart image to LTF above 🤦
