1. Price broke out of the bullish correction
(trading range 92.300-92.800
2. Price is currently testing our major
key area at 92.800, I'm particularly bullish on
DXY after the news release yesterday on
core retail sales.
3. I'm looking for a test on our key level
resistance at 93.026 area if price maintained
its momentum at the current level.
4. If the price stalled at its current level
it would be possible to make another
test to the corrective area
5. I'd also like to point out that the next H4 candle
close should not close below its current level.
otherwise, price action could be a bull trap
(trading range 92.300-92.800
2. Price is currently testing our major
key area at 92.800, I'm particularly bullish on
DXY after the news release yesterday on
core retail sales.
3. I'm looking for a test on our key level
resistance at 93.026 area if price maintained
its momentum at the current level.
4. If the price stalled at its current level
it would be possible to make another
test to the corrective area
5. I'd also like to point out that the next H4 candle
close should not close below its current level.
otherwise, price action could be a bull trap
Trade active:
Just like as we expected, price made a bullish impulse after it broke out of the bullish correction range.
bulls made an impulsive move towards our key level at 93.026 key resistance level.
the next level I'm watching for is at 93.400 key resistance level.
bulls made an impulsive move towards our key level at 93.026 key resistance level.
the next level I'm watching for is at 93.400 key resistance level.