The DXY is currently trading in a Monthly Fair Value Gap (FVG) pattern, with an upward trend expected in the near future.As August seasonal tendencies show DXY will bullish. In my view, there might be a temporary retracement to the Daily Bullish order block. However, it is crucial for the price to stay above the mean threshold of the order block to maintain its bullish momentum. I will closely monitor this level, and if there is a strong break of structure approaching the threshold, possibly on Tuesday, I will consider implementing a Risk-Off strategy.
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Dxy going same way like i thought expect it didnt give the retracement i wanted still bullish on DXY
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dxy almost reaches the low of fair value gap this idea almost complete
Trade closed: target reached
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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.