El_Chapo_Jr

The bears finally take control of the Dollar.

Short
TVC:DXY   U.S. Dollar Index
Hello traders,

Since the formation of the 3 swing highs which indicate a reversal in price, the price went into consolidation the entire of last week and respected the bearish Order block and also retested the breaker.

The retest of the breaker signifies that more sell orders are being taken by the Institutional traders.

Additionally, the high of last week was formed at the Institutional price level of 104.800

I expect a significant drop in price this week as the price goes ahead to fill the liquidity void below.

Like and Subscribe.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.