Look for a beak above the blue 4 hr TL a steady descending pullback above the line and then take it long. A strong rejection of the TL and resistance level will indicate a selling opportunity. My bias is long but need to,let the price action determine trade.
Showing signs of wanting to pull back in a correction.
The correction above the 4 hr TL (blue dotted line) was a nice flag on the 1 hr time frame.
I am still very bullish on the DXY in the long term.
Look for bullish indications on the LTF
I am expecting a larger correction. possibly back to the 4 hr TL
Trade closed: target reached:
Now we need to see if a reversal is coming or a break and more up. I am still bullish but we need some signs of direction.