DXY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are looking very bearish on the 4hour timeframe and we are looking to continue with this trend into the week.
Ideally we see this 1hour TF bearish flag play out and see price action break support.
Look for lower highs below our 103.000 zone and target toward 102.000
Trade scenario 2: For us to consider DXY bullish again on the 4hour timeframe we first would need to see a rally to 103.750.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are looking very bearish on the 4hour timeframe and we are looking to continue with this trend into the week.
Ideally we see this 1hour TF bearish flag play out and see price action break support.
Look for lower highs below our 103.000 zone and target toward 102.000
Trade scenario 2: For us to consider DXY bullish again on the 4hour timeframe we first would need to see a rally to 103.750.
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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.