So the DXY has a clear draw on liquidity to the upside. Starting to create a bullish displacement leg, if price can close above the marked up potential market structure shift, than without any bigger retracements I anticipate it to go higher to the external range liquidity which is the ultimate DOL for the upcoming days.
Price raided multiple internal liquidity pools in discount, and tapped into a daily order block in the optimal trade entry area. The reaction from that level indicates that price seeks higher levels of liquidity.
If DXY starts to show signs of reversal, than I would be more careful with foreigns and possibly wait for clear daily directions. But as long as we stay above the daily fair value gap, I'm strongly bullish on dollar.
Be safe guys! Strange and gloomy news are coming out every day... At least it supports the bullish bias on dollar, isn't it?...
Price raided multiple internal liquidity pools in discount, and tapped into a daily order block in the optimal trade entry area. The reaction from that level indicates that price seeks higher levels of liquidity.
If DXY starts to show signs of reversal, than I would be more careful with foreigns and possibly wait for clear daily directions. But as long as we stay above the daily fair value gap, I'm strongly bullish on dollar.
Be safe guys! Strange and gloomy news are coming out every day... At least it supports the bullish bias on dollar, isn't it?...