Dollar Index hits demand zone and react, expect higher prices
https://www.tradingview.com/chart/Yn6NJdqF/
DXY entered demand zone yesterday @ 91.42-91.56 and react powerfully upwards to resistance area 92.48-92.73. Expecting market to ultimately break higher but no trading for me. Not favorable to join the train now.
92.93 is the next level of turning point. Should market break up from current resistance zone and create a false break I will join the bears for a high risk: reward opportunity. If I am not at the screen then I will let this opportunity pass.
DXY entered demand zone yesterday @ 91.42-91.56 and react powerfully upwards to resistance area 92.48-92.73. Expecting market to ultimately break higher but no trading for me. Not favorable to join the train now.
92.93 is the next level of turning point. Should market break up from current resistance zone and create a false break I will join the bears for a high risk: reward opportunity. If I am not at the screen then I will let this opportunity pass.