DXY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish still on the 4hour timeframe and waiting for reactions near 103.000.
If we are to continue bearish on this timeframe we need to see a lower high confirm and follow through with good conviction.
Trade scenario 2: If we are to consider DXY bullish again we would need to see a break back above 103.000 with structure above.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish still on the 4hour timeframe and waiting for reactions near 103.000.
If we are to continue bearish on this timeframe we need to see a lower high confirm and follow through with good conviction.
Trade scenario 2: If we are to consider DXY bullish again we would need to see a break back above 103.000 with structure above.
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