nicoacademia
Short

bearish mood over DXY

INDEX:DXY   U.S. Dollar Index
47 1 0
Post NFP.

Intra to inter week trade time frame.

Expecting a move down to 80.34 area as 1st tp target and up to 79.91 area as a 2nd tp target.

Expecting an early week rally to sell into(sell rallies).
i didn't have the time to update this idea.

but if you saw how it moved after it was posted. price on an intraday basis didn't want to go down then.

the 4H timeframe will always be subservient to the Daily time frame.

moreover market was not yet convinced at that point in time for a weaker dollar.

we are now at time of this comment seeing the balance shift to a weaker dollar over the next few days - until we see a spike support.
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