Why are we currently bearish you may think?
Here is why...
THE DXY IS RETESTING ITS YEARLY OPEN.
The previously established range (and May open candle) have been traded through and liquidity is cleared. We are now heading towards 104 - 105 and most likely 106 if there is sufficient momentum.
Unless there is a clean break of 103.250 the markets remain bearish.
The higher DXY goes the HARDER equities, stocks and cryptos will FALL.
Trading does not always have to be difficult. Ranges, deviations and confidence in your system are SUFFICIENT.
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
Here is why...
THE DXY IS RETESTING ITS YEARLY OPEN.
The previously established range (and May open candle) have been traded through and liquidity is cleared. We are now heading towards 104 - 105 and most likely 106 if there is sufficient momentum.
Unless there is a clean break of 103.250 the markets remain bearish.
The higher DXY goes the HARDER equities, stocks and cryptos will FALL.
Trading does not always have to be difficult. Ranges, deviations and confidence in your system are SUFFICIENT.
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
