Hello Traders!
If you check the DXY on the Monthly you can see we recently corrected a BISI
Buy side-imbalance, Sell-side inefficiency.
After filling that area price rallied higher.
If we look at the weekly we can see most areas of inefficiency has been balanced.
However, we can see this huge bullish candle which engulfs the last down close candle.
That last down close candle on the weekly before the expansion higher is now a weekly bullish order block.
I am anticipating price to correct itself next week, to further seek higher prices going into February.
If you check the DXY on the Monthly you can see we recently corrected a BISI
Buy side-imbalance, Sell-side inefficiency.
After filling that area price rallied higher.
If we look at the weekly we can see most areas of inefficiency has been balanced.
However, we can see this huge bullish candle which engulfs the last down close candle.
That last down close candle on the weekly before the expansion higher is now a weekly bullish order block.
I am anticipating price to correct itself next week, to further seek higher prices going into February.