Description
⋅ DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Technically all timeframes are looking bullish, however, we can see a large 4hour range between 99.250 resistance & 97.850 support.
The most likely scenario is that price action continues toward 99.250 resistance before seeing any sort of reaction.
Trade scenario 2: For us to consider DXY bearish we would need to see a break below 97.850 support with a lower high below.