DXY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action on DXY is extremely bullish on all timeframes. We are seeing what looks like an expanding pattern near major resistance around our 100.000 level.
The most likely scenario is that price action finds resistance and falls to a lower support level.
Trade scenario 2: To consider DXY bullish beyond 100.000 we need to see structure above. Look for a higher low above the zone with strong bullish setups.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action on DXY is extremely bullish on all timeframes. We are seeing what looks like an expanding pattern near major resistance around our 100.000 level.
The most likely scenario is that price action finds resistance and falls to a lower support level.
Trade scenario 2: To consider DXY bullish beyond 100.000 we need to see structure above. Look for a higher low above the zone with strong bullish setups.