DXY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Looking very bearish here on DXY as we recently saw a bearish break of a large 4hour range.
Ideally, we can see price action pullback to 95.800 and form a lower high with strong bearish candlestick setups. This would confirm further bearish movement down to major support levels.
Trade scenario 2: For us to consider DXY bullish we first would need to spot a break back into the range between 95.800 & 96.300.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Looking very bearish here on DXY as we recently saw a bearish break of a large 4hour range.
Ideally, we can see price action pullback to 95.800 and form a lower high with strong bearish candlestick setups. This would confirm further bearish movement down to major support levels.
Trade scenario 2: For us to consider DXY bullish we first would need to spot a break back into the range between 95.800 & 96.300.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.