Right now DXY is above 103.8
We need to wait and see the reaction when DXY comes back to 103.8
If DXY goes to 103.8 and holds as support = Short term bearish for most USD pairs
If DXY goes below 103.8 and holds as resistance = Short term bullish for most USD pairs
Previous idea:
*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)
We need to wait and see the reaction when DXY comes back to 103.8
If DXY goes to 103.8 and holds as support = Short term bearish for most USD pairs
If DXY goes below 103.8 and holds as resistance = Short term bullish for most USD pairs
Previous idea:
*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)
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.
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.