Hey everyone waaaSUP,
so here is another idea on the DXY.
1 hr timeframe suggests to me that the dxy could hit the 200 SMA at around 101.4 range, it may grab the liquidity in them red vectors at around 101.6 maybe even 102.00
This would hit the trendlines coming down to then grab the liquidity below and major dump to either a double bottom or dump.
There is probability of breaking out but we will see.
Stoch Rsi is curling down for a retrace, i reckon wont reach no where near the bottom bounce up then drop.
MACD looks like it wants to roll over.
Peace and love everyone
so here is another idea on the DXY.
1 hr timeframe suggests to me that the dxy could hit the 200 SMA at around 101.4 range, it may grab the liquidity in them red vectors at around 101.6 maybe even 102.00
This would hit the trendlines coming down to then grab the liquidity below and major dump to either a double bottom or dump.
There is probability of breaking out but we will see.
Stoch Rsi is curling down for a retrace, i reckon wont reach no where near the bottom bounce up then drop.
MACD looks like it wants to roll over.
Peace and love everyone