DXY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are still overall bullish on the higher timeframes but the 4hour is showing strong bearishness.
Based on how price action has been forming it is very likely that we will see our 100.000 support level met before we see any sort of reactions.
For us to consider DXY bullish again we first need to see a strong reversal at our 100.000 zone.
Trade scenario 2: For us to further consider DXY bearish we would need to see a break of 100.000 support with structure below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are still overall bullish on the higher timeframes but the 4hour is showing strong bearishness.
Based on how price action has been forming it is very likely that we will see our 100.000 support level met before we see any sort of reactions.
For us to consider DXY bullish again we first need to see a strong reversal at our 100.000 zone.
Trade scenario 2: For us to further consider DXY bearish we would need to see a break of 100.000 support with structure below.