DXY bearish target reached !
For the past two weeks I have had my eye on 103.880. Price is currently in a weekly range and 103.880 is the lower limit of it. Right now I am watching price to see if we are going to trade back into the range. The first condition that needs to be met for me to go over to a bullish bias on DXY is I want to see at least a 30m-1hr timeframe close back above 103.880.
The second condition is for me to see price close above the red line in the chart on the 30m timeframe or higher. If price closes above the red line I want to see a retest of the FVG box and then a push higher. For now this is all I will say about price on the DXY chart. It's important to take a break from the chart once it has reached one of your targets. I like to clear my chart and get a fresh perspective on where price is on all timeframes. Biggest thing im looking for now is how are the candles printing. The only way to get an accurate idea is to be patient and let the chart tell you what it wants to do. I will post an update when price meets one of the qualifications, or if it make a new low. If you found any of this info helpful feel free to like, follow, and comment any questions.
The second condition is for me to see price close above the red line in the chart on the 30m timeframe or higher. If price closes above the red line I want to see a retest of the FVG box and then a push higher. For now this is all I will say about price on the DXY chart. It's important to take a break from the chart once it has reached one of your targets. I like to clear my chart and get a fresh perspective on where price is on all timeframes. Biggest thing im looking for now is how are the candles printing. The only way to get an accurate idea is to be patient and let the chart tell you what it wants to do. I will post an update when price meets one of the qualifications, or if it make a new low. If you found any of this info helpful feel free to like, follow, and comment any questions.
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