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We can see the momentum from last week crystal clear in this hourly time frame. We are definitely looking for a continuation of this move at least to the previous low mentioned above. Looking left, we have seen price move with this amount of momentum before and still respected the structure of this channel. These are the 2 options that we think are most probable for the week ahead, but there is also a possibility price will for a larger correction at the low and continue lower. We will see what clues the market gives us this week.
DXY
www.thepipbull.com
We can see the momentum from last week crystal clear in this hourly time frame. We are definitely looking for a continuation of this move at least to the previous low mentioned above. Looking left, we have seen price move with this amount of momentum before and still respected the structure of this channel. These are the 2 options that we think are most probable for the week ahead, but there is also a possibility price will for a larger correction at the low and continue lower. We will see what clues the market gives us this week.
DXY
www.thepipbull.com