Dollar Index - 5 Weeks Of Risk-On Conditions. 100 Is Near...
Updated
Higher time frame biases are important in scenarios like this as this week has clearly shown love to the monthly Sellside liquidity pool down at 100.617 before closing just shy of the area.
There in unfinished business at this area with 100.427 also being a point of interest. This does not mean i am expecting a closure for the week as we could see a sharp retracement coming to the end of next weeks trading.
Further risk on scenario for Dollar Index will present continued long opportunities for certain FX pairs and stock index pairs + commodities
There in unfinished business at this area with 100.427 also being a point of interest. This does not mean i am expecting a closure for the week as we could see a sharp retracement coming to the end of next weeks trading.
Further risk on scenario for Dollar Index will present continued long opportunities for certain FX pairs and stock index pairs + commodities
Trade closed: stop reached
100.617 monthly Sellside liquidity was met during the Tuesday PM session before reversing going into the rest of the week.
Follow my latest post for an update to this weeks price action.
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