DXY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are looking bearish and the current level near 95.800 will determine where price action goes next.
Ideally, we see rejection from 95.800 with confirming lower highs below. We will then look to target lower toward key support levels.
Trade scenario 2: For us to consider DXY bullish we need to see a break back above 95.800 with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are looking bearish and the current level near 95.800 will determine where price action goes next.
Ideally, we see rejection from 95.800 with confirming lower highs below. We will then look to target lower toward key support levels.
Trade scenario 2: For us to consider DXY bullish we need to see a break back above 95.800 with a higher low above.
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