DXY Bearish IOF. The Upward moves is as a result of Smart Money aiming for internal Liquiditys. IOF still remains Bearish.... Short term Buy on USDXXX and Short term Sells on XXXUSD Pairs
I decided to divorce the short position for the time being. As Schwager once said "Show no loyalty to positions" Let's see if this short term long works and if we can get some rejection up at the areas marked for possible shorts. Also, note the RSI h4 divergence.
Lots of people suddenly wanna BUY HIGH due to FOMO, But the motto is to Buy Low and Sell High, Price had retested a Weekly OrderBlock above that caused It to reverse and drop on Sunday, and now it continues down due to liquidity, so the motto is to simply Sell High Entry was from the 30 min OrderBlock for LTF Entry
DXY monthly ICT breaker failed to hold support and its mean threashold has been tested, seems to be bearish for now unless price crosses above it again. If it stays bearish then the next breaker would be its first target.
Sorry been a bit busy lately. Have been in this short, didn't take the time to pin the idea here. I wanted to magnify the measured move concept here (after the fact yeah I know). But really it's because it helps find a point out of your trades or (if you don't want out) at least help identify where we are in the larger perspectives. For those still short, I...