DXY - day trades optic and ISM Manufacturing (post numbers move)
DXY delivered and provided.
As I've noted multiple times we would either go higher HARD or lower HARDER. Market went lower but what now? .... Let's see what the charts are saying.
We are currently repricing in Tuesday to Wednesday's void gap.
Expecting some lowers prices --> at least 50% of the lower shade (wick) of Wednesday (103.450).
No need to panic, the market ALWAYS NEEDS TO REPRICE
-------- We are looking for 103.354 to hold. IF we break and hold below we will look for intermediate long plays --------
THE REASONING ? DXY would head towards 102.700.
THE RESULT ? Lower dollar higher assets prices (indices, cryptos, stocks)
WHAT NOW ? Planning, patience and reacting to our triggers.
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.
As I've noted multiple times we would either go higher HARD or lower HARDER. Market went lower but what now? .... Let's see what the charts are saying.
We are currently repricing in Tuesday to Wednesday's void gap.
Expecting some lowers prices --> at least 50% of the lower shade (wick) of Wednesday (103.450).
No need to panic, the market ALWAYS NEEDS TO REPRICE
-------- We are looking for 103.354 to hold. IF we break and hold below we will look for intermediate long plays --------
THE REASONING ? DXY would head towards 102.700.
THE RESULT ? Lower dollar higher assets prices (indices, cryptos, stocks)
WHAT NOW ? Planning, patience and reacting to our triggers.
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.
