DXY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we can see DXY is very bullish and overextended. Going into this week we will be looking for retracements and structure formation closer to our 110.700 support zone.
Ideally we can spot healthy structure and move forward with a bullish trend.
Trade scenario 2: The other scenario would be failure to form structure because It is likely price action will not retrace and will continue rallying toward a new high.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we can see DXY is very bullish and overextended. Going into this week we will be looking for retracements and structure formation closer to our 110.700 support zone.
Ideally we can spot healthy structure and move forward with a bullish trend.
Trade scenario 2: The other scenario would be failure to form structure because It is likely price action will not retrace and will continue rallying toward a new high.