DXY DIRECTION 5/14/24
A couple weeks ago I mentioned that we usually take out weekly highs and lows before we start moving in certain directions. Looking at the chart I still have a bullish bias on DXY. I have outlined current liquidity testing below current 4 hour timeframe lows. These 4 hour lows rest right above last weeks LOW OF THE WEEK(PWL level). This is important because on the daily timeframe we are sitting inside of the OTE zone for bearish retracement to send us higher towards new weekly highs. We have news all throughout this week and if we see manipulation play out today and pierce the PWL and trade back above it preferably creating a fail swing, i will be full on bull for DXY. I will update later on today and give further insight into my thought process moving through this week. Let’s make some money this week everyone and manage risk well. If u like this analysis leave a like, comment any questions and remember to follow me for more analysis
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