Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
The picture is self-explanatory.
DXY is sitting around a strong resistance zone 103-104 so we will be expecting a bearish reversal or at least any kind of rejection. (we will be looking for sell setups on lower timeframes to confirm the shift in momentum)
Unless the bulls take over by breaking above the resistance with a clean candle close above it. Then a movement till the next resistance would be expected 108-109.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich