DXY breakout and potential short-term downside
DXY broke its higher low and still hasn't pulled back. Wait for some signal and pull back to the supply zone and make some plan for pairs against DXY which would be more possible to catch a move. The RSI reached to lower than 30 which displays an oversold momentum.
In this case, we may make a short-term long for some pairs: NZDUSD, EURUSD, GBPUSD, and AUDUSD.
My trading plan could be wrong and inaccurate. Please remind that this is personal idea sharing thoughts on market structure analysis.
In this case, we may make a short-term long for some pairs: NZDUSD, EURUSD, GBPUSD, and AUDUSD.
My trading plan could be wrong and inaccurate. Please remind that this is personal idea sharing thoughts on market structure analysis.
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