DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish on DXY. Going into this week we’re expecting the overall bullish trend to continue.
Look for higher lows above 107.600 & near our 38.2% fib level
Trade scenario 2: For us to consider DXY bearish on this 4hour timeframe we would need to see a break of 107.600 support and retest as resistance.
Look for price action to confirm a new bearish trend after a lower high is confirmed below 107.600
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish on DXY. Going into this week we’re expecting the overall bullish trend to continue.
Look for higher lows above 107.600 & near our 38.2% fib level
Trade scenario 2: For us to consider DXY bearish on this 4hour timeframe we would need to see a break of 107.600 support and retest as resistance.
Look for price action to confirm a new bearish trend after a lower high is confirmed below 107.600