i NEUTRAL ON DXY FOR NOW
Dear Trader,
It is usually good to pay attention to what price action is at any point in time. I am personally neutral about the movement of DXY but I will be waiting to see a "Change of Character" (CHoCH) on the weekly chart to confirm bullish in the medium term whilst I wait to see DXY break Structure to the Upside.
There is a very high probability that after a few weeks of downside for the US Index, pull-back may be inevitable and the liquidation of the previous week's low that we saw as shown on my chart with the violation of the previous week's low, we may see a bit of retracement/pull back.
I will remain neutral for now until I see a convincing CHoCH to the upside to confirm a bullish reversal at least to the bearish breaker block that is in confluence with the FVG.
Please pay attention to details and apply proper risk management to your trading.
It is usually good to pay attention to what price action is at any point in time. I am personally neutral about the movement of DXY but I will be waiting to see a "Change of Character" (CHoCH) on the weekly chart to confirm bullish in the medium term whilst I wait to see DXY break Structure to the Upside.
There is a very high probability that after a few weeks of downside for the US Index, pull-back may be inevitable and the liquidation of the previous week's low that we saw as shown on my chart with the violation of the previous week's low, we may see a bit of retracement/pull back.
I will remain neutral for now until I see a convincing CHoCH to the upside to confirm a bullish reversal at least to the bearish breaker block that is in confluence with the FVG.
Please pay attention to details and apply proper risk management to your trading.
FINSPOT ACADEMY
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
FINSPOT ACADEMY
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.