DXY Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: On higher timeframes DXY has been very bearish but we’ve been seeing recently that the 4hour is turning bullish.
At the current level we ideally want to see a higher low established above 90.250 & above the prior range. Look for a continuation toward key resistance around 90.800.
Trade scenario 2: For us to consider DXY bearish again we would need to see a break of support at 90.800 and fall back into the range.
We will then re-analyze potential scenarios.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: On higher timeframes DXY has been very bearish but we’ve been seeing recently that the 4hour is turning bullish.
At the current level we ideally want to see a higher low established above 90.250 & above the prior range. Look for a continuation toward key resistance around 90.800.
Trade scenario 2: For us to consider DXY bearish again we would need to see a break of support at 90.800 and fall back into the range.
We will then re-analyze potential scenarios.