DXY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking overall bearish on DXY since the trend change that occurred around november 10th, 2022.
We ideally want to see this trend maintain and identify a clear downtrend we can use to our advantage on tradeable pairs.
Look for DXY to show signs of rejection below 105.250. If we can confirm a 4hour lower high we can confidently suggest another bearish leg down to the next support level.
Trade scenario 2: For us to look at DXY on this timeframe and consider it bullish, we would need to see a break above our 108.500 area with confirmed higher lows above.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking overall bearish on DXY since the trend change that occurred around november 10th, 2022.
We ideally want to see this trend maintain and identify a clear downtrend we can use to our advantage on tradeable pairs.
Look for DXY to show signs of rejection below 105.250. If we can confirm a 4hour lower high we can confidently suggest another bearish leg down to the next support level.
Trade scenario 2: For us to look at DXY on this timeframe and consider it bullish, we would need to see a break above our 108.500 area with confirmed higher lows above.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.