Be sure to go check out my last published idea on the Dollar!
Okay, so Price Action broke through a huge zone but I'm not quite sure when that took place (go back and look for yaself). However, normally when price break through significant areas it has a tendency to revisit the area which was broken. I believe what we're currently witnessing with the Dollar is the retest phase.
Considering a huge zone was broken, it may range for a bit once it reaches the area before taking off in it's new direction. But I will say that if price does continue to head further down then it's something waiting for it which could potentially shift it.
This is the current range I'll be paying attention to since it correlates with the currency I track & trade.
Let's see how this plays out..
P.S. There's a breach which indicates a precursor.
Okay, so Price Action broke through a huge zone but I'm not quite sure when that took place (go back and look for yaself). However, normally when price break through significant areas it has a tendency to revisit the area which was broken. I believe what we're currently witnessing with the Dollar is the retest phase.
Considering a huge zone was broken, it may range for a bit once it reaches the area before taking off in it's new direction. But I will say that if price does continue to head further down then it's something waiting for it which could potentially shift it.
This is the current range I'll be paying attention to since it correlates with the currency I track & trade.
Let's see how this plays out..
P.S. There's a breach which indicates a precursor.