I am doing some backtesting on my analysis on DXY shared yesterday. I was perhaps too confident on the bulls pushing up all the way to the daily supply zone while forgetting that H4 supply is just as strong a defense.
So going into the new week I see only one of two scenarios playing out - either price will break that H4 demand to push the bulls up to daily supply or H4 demand will break and we'll get to targets into weekly and monthly. All this happening during NFP week makes it all the more interesting to observe and pay close attention.
Liquidity and momentum should be great. So be prepared. "Magic and luck happen when opportunity meets preparation."
All the best :)
So going into the new week I see only one of two scenarios playing out - either price will break that H4 demand to push the bulls up to daily supply or H4 demand will break and we'll get to targets into weekly and monthly. All this happening during NFP week makes it all the more interesting to observe and pay close attention.
Liquidity and momentum should be great. So be prepared. "Magic and luck happen when opportunity meets preparation."
All the best :)