Regular Bearish is forming on my order block. That's two confluences for me. DXY could continue to head to the downside if it respects this orderblock.
If DXY continues bearish movement, look for LONGS on XXXUSD pairs and shorts on USDXXX pairs.
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Stop was a LITTLE too tight on this one. For the future, place stop loss above or below divergence high/low.
good explanation, does the "Order Block" have a chart or matrix to view?
jefferytheartist
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@wolffarchitecture, thank you for your comment, I don't quite understand the question. The red bar where price has shown resistance to break through currently is the order block that I am referring to. It seems to be being respected right now and could see a drop down to 90.071 to clear the low of the divergence. We shall see. Patience pays.