DXY is now deciding which channel to go with .
Go sideways with the blue one to make a refelction point on the channel to rally up to the red R/S.
Or to drop down more to continue the 3rd impulse wave with the red channel to make a new low like 96-96.5.
Two options are all possible for it to go.
Better check it again on 4h chart few hrs after NFP released. You can find out more clues of other currencies by checking DXY chart later.
Good luck!!!
LESS IS MORE!
Go sideways with the blue one to make a refelction point on the channel to rally up to the red R/S.
Or to drop down more to continue the 3rd impulse wave with the red channel to make a new low like 96-96.5.
Two options are all possible for it to go.
Better check it again on 4h chart few hrs after NFP released. You can find out more clues of other currencies by checking DXY chart later.
Good luck!!!
LESS IS MORE!
Comment:
Now we would follow the blue channel again like this.
Comment:
Just igore the red wave and follow the red arrow.
