DXY
Hello traders,
For the DXY (US Dollar Index), I have two potential scenarios in mind. If we witness a daily candle close above the trendline, it could signal a bullish momentum in the market. In such a case, I'll be considering opportunities to enter bullish trades. On the other hand, if the DXY fails to close above the trendline and instead retests it as resistance, that could suggest a bearish reversal. In that scenario, I'll be looking for short positions. I'll be closely observing the market to determine the most favorable trading approach based on the price action and trends.