Week of 4/7/24 DXY preparing for continued BULLISHNESS PART 1!!!
Im going to do a full analysis of DXY and my expectations for this week. I would like to start giving insight into my strategy and where im looking to enter and what price has prompted so on and so forth. There will be at least a few parts to this specific post as we need to look at the weekly and daily timeframe as well as potential lower timeframe entry points.
- I have highlighted a weekly bearish FVG. I have noticed that it is better to judge market structure shifts based on disrespect of these gaps as they provide much more reliable basis for entering a trade.
- Red line shows what price was reached that let me know that we disrespected a Bearish PD array.
- Because of this disrespect I have my sights set on 106.006 as a Target for may buys on DXY.
***KEY TAKEAWAY***
Price has disrespected a higher timeframe FVG. Higher timeframe bearish invalidation equals bullish bias on DXY.
This is the first part of my analysis for this week if you would like you can like the post and consider following to keep up with my win rate as well as why my reasoning is where it is.
I will be more involved in this trading view community and hopefully I can help all who are touched by my analysis and thoughts.
Stay tuned for the next part of this weeks analysis!!
- I have highlighted a weekly bearish FVG. I have noticed that it is better to judge market structure shifts based on disrespect of these gaps as they provide much more reliable basis for entering a trade.
- Red line shows what price was reached that let me know that we disrespected a Bearish PD array.
- Because of this disrespect I have my sights set on 106.006 as a Target for may buys on DXY.
***KEY TAKEAWAY***
Price has disrespected a higher timeframe FVG. Higher timeframe bearish invalidation equals bullish bias on DXY.
This is the first part of my analysis for this week if you would like you can like the post and consider following to keep up with my win rate as well as why my reasoning is where it is.
I will be more involved in this trading view community and hopefully I can help all who are touched by my analysis and thoughts.
Stay tuned for the next part of this weeks analysis!!