PTXTrades

DXY 5.17.23 Personal Analysis

Long
TVC:DXY   U.S. Dollar Index
The DXY did continue to move to the upside today as figured. However, I wouldn't be surprise if we manipulate today's low (Wednesday) just to reach the 1H Bullish Breaker I marked up on my previous post. Tuesday's low is a very important low because price made its true extension from that point leaving inefficiencies and creating the infamous ICT intermediate low pattern. If we run through Tuesday's low it could then hint price may potential be reversing and we could use Tuesday's low as a possible Bearish Breaker to frame shorts. I am only changing my bias if we run through Tuesday's low. Otherwise, I am still bullish on the DXY looking for it to reach the Weekly's FVG.

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