DXY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are looking to continue with the overall bearish trend. Currently we can see two opportunities for a bearish leg to form. Look for a break and retest of 90.950 on a lower time frame and target lower. For a more conservative entry wait for a break of this range and enter on a confirmed lower high below 90.700.
Trade scenario 2: For us to consider a long opportunity we need to see a significant break of 91.150 with a confirmed higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are looking to continue with the overall bearish trend. Currently we can see two opportunities for a bearish leg to form. Look for a break and retest of 90.950 on a lower time frame and target lower. For a more conservative entry wait for a break of this range and enter on a confirmed lower high below 90.700.
Trade scenario 2: For us to consider a long opportunity we need to see a significant break of 91.150 with a confirmed higher low above.