IS USD STILL BULLISH?
Updated
Good morning traders,
Following our yesterday's idea on DXY, it has tapped our POI during asian range which we avoid during trading. We onyl trade during london and new york session and as london session opened, price ran though the POI stops without any BOS. This is the confirmation we wait for before entering. Now that there was no confirmation, we didnt enter this trade.
Price is now potentially heading to the next POI. Price is currently at the discount so its safe to buy if you are looking to buy. We are waiting for the price to show some weakness in further downtrend or create a BOS before we enter buy.
It is also likely that price can run through last week's low to take the liquidity.
We keep observing and will updated as the price moves
Following our yesterday's idea on DXY, it has tapped our POI during asian range which we avoid during trading. We onyl trade during london and new york session and as london session opened, price ran though the POI stops without any BOS. This is the confirmation we wait for before entering. Now that there was no confirmation, we didnt enter this trade.
Price is now potentially heading to the next POI. Price is currently at the discount so its safe to buy if you are looking to buy. We are waiting for the price to show some weakness in further downtrend or create a BOS before we enter buy.
It is also likely that price can run through last week's low to take the liquidity.
We keep observing and will updated as the price moves
Note
USD might be getting weaker. No trades today, just observing. As said earlier, price ran through last week's low. No reaction or BOS at the last poi. Therefore no entry for us.
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