DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are extremely bullish here on DXY and price action is not showing any signs of slowing down yet.
Based on what we can see and how bullish DXY has been it’s likely that we’ll continue to push higher into the week.
Trade scenario 2: For us to look at this chart and say “this is clearly bearish” we need to see a few things happen.
Ideally, price action reverses and breaks minor support around 106.750 and starts forming strong characteristics of a bearish trend, Lower highs and lower lows.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are extremely bullish here on DXY and price action is not showing any signs of slowing down yet.
Based on what we can see and how bullish DXY has been it’s likely that we’ll continue to push higher into the week.
Trade scenario 2: For us to look at this chart and say “this is clearly bearish” we need to see a few things happen.
Ideally, price action reverses and breaks minor support around 106.750 and starts forming strong characteristics of a bearish trend, Lower highs and lower lows.