Dxy analysis for the week
Updated
Dxy already hit tp1 and is now consolidating in a zone where it’s either creating a higher low (#2) of a bearish Elliot wave structure or expanding higher to break the range for its target of liquidity resting above the x and d legs of the harmonic
Keeping eyes on it
Correlation to keep In mind is:
If Dxy bullish then
Xxxusd pairs bearish
USDxxx pairs bullish
And vice versa
Keeping eyes on it
Correlation to keep In mind is:
If Dxy bullish then
Xxxusd pairs bearish
USDxxx pairs bullish
And vice versa
Order cancelled
heavy ranging --- invalid
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