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DXY - Liquidity Grab To Initiate Bullish Run
U.S. Dollar Currency Index
Long
DXY - Liquidity Grab To Initiate Bullish Run
By forexwithfred
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May 6, 2021
5
May 6, 2021
What Is The Market Telling Us?
Price is currently ranging between Previous High & Previous Low
1st Break in market structure towards bullish direction since March
Price is currently making its way toward previous low for a retest
What Are Market Participants Doing?
70% of retail traders are shorting the dollar overall against DXY
There is currently over 450,000K short positions on the EUR from Dealer Intermediary (COT)
Institutional liquidity is sitting under sell stops of retail traders located below PDL
Beyond Technical Analysis
dollarindex
DXY
liquidity
marketstructure
retail
Supply and Demand
USD
usdlong
Volume
forexwithfred
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