DXY is currently at an inflection point.
If we hold we are going higher HARD, if we break we are going lower even HARDER
The blue box is currently holding the market and acting 'as a mid range' for now.(liquidity void gap)
PA has failed to created higher highs.
If we start holding below the blue box (104.200 - 104.150) we will look for higher prices in crypto, stocks etc.
If we reclaim and start holding above the black line (capping the market: 104.280) we will look for lower prices in crypto, stocks etc...
If we hold below 104.100 (red line) we should expect 103's retest.
Don't forget the overall global liquidity 'drain' which takes place every year as the Summer months arrive. Less liquidity in the markets.
Bullish DXY plan is still valid for the time being but that should not stop you from having daily/weekly biases or trade ideas.
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
If we hold we are going higher HARD, if we break we are going lower even HARDER
The blue box is currently holding the market and acting 'as a mid range' for now.(liquidity void gap)
PA has failed to created higher highs.
If we start holding below the blue box (104.200 - 104.150) we will look for higher prices in crypto, stocks etc.
If we reclaim and start holding above the black line (capping the market: 104.280) we will look for lower prices in crypto, stocks etc...
If we hold below 104.100 (red line) we should expect 103's retest.
Don't forget the overall global liquidity 'drain' which takes place every year as the Summer months arrive. Less liquidity in the markets.
Bullish DXY plan is still valid for the time being but that should not stop you from having daily/weekly biases or trade ideas.
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
