Price creates liquidity from clearing equal highs at around $1750, following the double bottom
formation formed at $1680, which created liquidity from a 450 pip stop run after clearing equal lows from 8th March. Price balanced out the previous imbalanced bearish
move to $1680, and a bullish
move to the liquidity sitting at around $1750 followed shortly after, as expected. Now I expect the price to retrace back to around $1700 to clear the imbalance created by the last bullish
This anticipated direction also supports my bullish
bias for DXY
, which I expect to retest near the 92.900 level.