Hello everyone 👋
Today I bring the DXY
My idea is based on structure and chart patterns.
The DXY on the HTF (1W ,1D) We have a strong bullish impulse phase but for a while price has been moving between a Price range giving us a flat correction.
The LTF shows us that price is at the top of the structure but is approaching it in a corrective manner.
•The way I would take this setup is to first see price push down out the LTF corrective structure.
• Alternatively, if price does continue up,I will wait for development as we could just form a deeper/larger corrective structure.
Thank you .
Today I bring the DXY
My idea is based on structure and chart patterns.
The DXY on the HTF (1W ,1D) We have a strong bullish impulse phase but for a while price has been moving between a Price range giving us a flat correction.
The LTF shows us that price is at the top of the structure but is approaching it in a corrective manner.
•The way I would take this setup is to first see price push down out the LTF corrective structure.
• Alternatively, if price does continue up,I will wait for development as we could just form a deeper/larger corrective structure.
Thank you .
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