My Bias on the DXY is still very Bullish based on the following facts:
* There's a Liquidity Void on the premium spectrum that price could still potentially reach for around the 94.00 - 95.00 price level.
* current price action is indicating bearishness because:
* Price has ran some levels of buy Side Liquidity at the 94.50 level
* price has just traded through the last down candle creating a Breaker Block at the 93.00 level which price could potentially trade back up to for a drop/Continuation downwards
* Discount Arrays that price could be reaching for, on the Bullish side of the trend:
* Daily OB at 93.50 level
* Equal Lows (below equilibrium of the total range) at 92.980 level
* Daily OB at 92.680 price level
Potential bounce upwards could occur from this Discount Arrays causing the market to resume its bullish trend. I will be monitoring this HTF suppose surport levels from the lower TF to see if price will react off it.
NB: Monday and Tuesday traded bearishly this is also an extra confluence hence these first two to three days of the week tends to set the High or Low of the week. Let's see what the market gives us.
AS YOU WERE.
* There's a Liquidity Void on the premium spectrum that price could still potentially reach for around the 94.00 - 95.00 price level.
* current price action is indicating bearishness because:
* Price has ran some levels of buy Side Liquidity at the 94.50 level
* price has just traded through the last down candle creating a Breaker Block at the 93.00 level which price could potentially trade back up to for a drop/Continuation downwards
* Discount Arrays that price could be reaching for, on the Bullish side of the trend:
* Daily OB at 93.50 level
* Equal Lows (below equilibrium of the total range) at 92.980 level
* Daily OB at 92.680 price level
Potential bounce upwards could occur from this Discount Arrays causing the market to resume its bullish trend. I will be monitoring this HTF suppose surport levels from the lower TF to see if price will react off it.
NB: Monday and Tuesday traded bearishly this is also an extra confluence hence these first two to three days of the week tends to set the High or Low of the week. Let's see what the market gives us.
AS YOU WERE.