U.S. Dollar IndexShort
$DXY Idea Update
Hi guys, this time i bring you all a Dollar analysis, where my direction is bearish if the yields really throw it down with the SMT Divergence, I'm bearish because we closed under the Weekly Inverted Fair Value Gap and also we have an OB which is really strong even though it has a lot of liquidity in the upper part, but still, im expecting to see DXY going after the PWL mainly, and then if it really plays out slowly then we could go after those EQLs and the Weekly BISI where we would bounce off back again after the 50% of the Monthly FVG above.
UPDATE: I'm still leaning onto the bear side, this matches with my
EURUSD analysis, so i feel like this will play out nicely, the only reason for which i confirmed short on DXY was because we had a CISD after all.
UPDATE: I'm still leaning onto the bear side, this matches with my
EURUSD analysis, so i feel like this will play out nicely, the only reason for which i confirmed short on DXY was because we had a CISD after all.
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