DXY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish still on the 4hour timeframe and waiting for reactions near 103.000.
If we are to continue bearish on this timeframe we need to see a lower high confirm and follow through with good conviction.
Trade scenario 2: If we are to consider DXY bullish again we would need to see a break back above 103.000 with structure above.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish still on the 4hour timeframe and waiting for reactions near 103.000.
If we are to continue bearish on this timeframe we need to see a lower high confirm and follow through with good conviction.
Trade scenario 2: If we are to consider DXY bullish again we would need to see a break back above 103.000 with structure above.
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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.