DXY is Bullish on HTF.
Following our weekly market review where we had anticipated that the market might use MTF/LTF POI to fuel the buying pressure on DXY. We have seen selling pressure on Tuesday which ended up invalidating our analysis or expectation.
With that being said nothing has changed on a HTF structure, we are still within the swing bullish leg on 4hrs, our POI & IMB are therefore still valid and we are now looking to see how the market reacts with the anticipation of longs. We also taking into consideration the news events from tomorrow which might fuel the buying pressure.
Are we going to see the market sweep LQ below the wick rejection then mitigate the poi/imb? well that remains unanswered.
Following our weekly market review where we had anticipated that the market might use MTF/LTF POI to fuel the buying pressure on DXY. We have seen selling pressure on Tuesday which ended up invalidating our analysis or expectation.
With that being said nothing has changed on a HTF structure, we are still within the swing bullish leg on 4hrs, our POI & IMB are therefore still valid and we are now looking to see how the market reacts with the anticipation of longs. We also taking into consideration the news events from tomorrow which might fuel the buying pressure.
Are we going to see the market sweep LQ below the wick rejection then mitigate the poi/imb? well that remains unanswered.