DXY had an inside day before NFP, which is normal as the markets are waiting and consolidating.
An inside day breakout with the NFP momentum combination is quite a worth noticing spot for today's trading.
Back to the inside bar itself, it is actually a more bearish one as it's at 0.618 retracement and it kinda extended in terms of 8ema,
but we can regard the power of NFP more, just like the earnings of stocks, it can be taken as a whole new start of a session,
which means if it breaks to the upside, it also worth the long as it's so important!
Let's see how it goes!
An inside day breakout with the NFP momentum combination is quite a worth noticing spot for today's trading.
Back to the inside bar itself, it is actually a more bearish one as it's at 0.618 retracement and it kinda extended in terms of 8ema,
but we can regard the power of NFP more, just like the earnings of stocks, it can be taken as a whole new start of a session,
which means if it breaks to the upside, it also worth the long as it's so important!
Let's see how it goes!
Note
Broke to the upside!!Note
New high! nice direction-chosen inside bar!
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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.
Related publications
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.