DXY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are recently looking bearish here on DXY and we could continue in that direction. We just need to establish structure before we can determine where price action is going next.
Ideally we can form strong lower high formations below 95.800 to consider entering short.
Trade scenario 2: For us to consider DXY bullish again we would need to see a break of 95.800 with a higher low h above. This would be the first step in continuing with the higher timeframe bullish trend.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are recently looking bearish here on DXY and we could continue in that direction. We just need to establish structure before we can determine where price action is going next.
Ideally we can form strong lower high formations below 95.800 to consider entering short.
Trade scenario 2: For us to consider DXY bullish again we would need to see a break of 95.800 with a higher low h above. This would be the first step in continuing with the higher timeframe bullish trend.