Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
ALL EYES ON DXY NEXT MOVE!
As we can see price previously broke below our major swing low and traded lower
However, we dropped now below our support zone which is resistance zone for now as well
So, for the bulls to kick in, and prove control again we need a break above the marked major swing high
Then expect a new bullish movement
Meanwhile, and until that happens, we are still bearish trading inside this channel, and we can still trade lower and lower
Till the next support zone as shown in the picture
As the price drops more we can expect a bullish movement on almost all markets and vise versa if DXY traded higher
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
ALL EYES ON DXY NEXT MOVE!
As we can see price previously broke below our major swing low and traded lower
However, we dropped now below our support zone which is resistance zone for now as well
So, for the bulls to kick in, and prove control again we need a break above the marked major swing high
Then expect a new bullish movement
Meanwhile, and until that happens, we are still bearish trading inside this channel, and we can still trade lower and lower
Till the next support zone as shown in the picture
As the price drops more we can expect a bullish movement on almost all markets and vise versa if DXY traded higher
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Comment:
See you there: t.me/Snipers_F_x