DXY(Dollar Index):🟢Possible scenarios🟢(Details on caption)
Well hello, traders.
Here is my view on the DXY daily chart.
As you can see the price left the buy-side liquidity which formed as an equal high, and then respected to the 50% of bullish FVG which is internal range liquidity. In this condition usually, the price seeks to the external range liquidity.
So the first scenario is bullish and I follow this scenario (High probability scenario)
The second scenario is bearish, if the price respects the bearish order block or mean threshold of this order block we will see the price move down.
All in all, if the bearish order block can not hold the price we will see a bullish week, and if the price respects the bearish order block the weekly candle will be bearish.
đź’ˇWait for the update!
🗓️01/05/2024
🔎 DYOR
đź’ŚIt is my honor to share your comments with međź’Ś
Here is my view on the DXY daily chart.
As you can see the price left the buy-side liquidity which formed as an equal high, and then respected to the 50% of bullish FVG which is internal range liquidity. In this condition usually, the price seeks to the external range liquidity.
So the first scenario is bullish and I follow this scenario (High probability scenario)
The second scenario is bearish, if the price respects the bearish order block or mean threshold of this order block we will see the price move down.
All in all, if the bearish order block can not hold the price we will see a bullish week, and if the price respects the bearish order block the weekly candle will be bearish.
đź’ˇWait for the update!
🗓️01/05/2024
🔎 DYOR
đź’ŚIt is my honor to share your comments with međź’Ś
đź‘‘Join my free Telegram channel: t.me/TradingFX_ICT
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