DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are back to bullish after a significant rejection from 110.700 support. Price action reversed and pushed above 112.000 where it looks more bullish now.
Going into this week we’re looking for this bullish trend to continue, we’ll look for higher lows near 112.000 before continuing higher.
Trade scenario 2: If price action is to be seen as more bearish we would need price action to break back below 112.000 with significant bearish variations.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are back to bullish after a significant rejection from 110.700 support. Price action reversed and pushed above 112.000 where it looks more bullish now.
Going into this week we’re looking for this bullish trend to continue, we’ll look for higher lows near 112.000 before continuing higher.
Trade scenario 2: If price action is to be seen as more bearish we would need price action to break back below 112.000 with significant bearish variations.