For the DXY, I anticipate a corrective move, as the price has recently broken structure to the upside. This break has created new demand zones, which we can expect to act as strong support, allowing bullish momentum to continue.
This week, my focus will be on the 8-hour demand zone around 108.600. If the price mitigates this zone, I’ll look for lower time-frame confirmation to enter a trade. My target will be the 8-hour supply zone above, where I anticipate some bearish pressure may emerge.
However, if the price moves lower and breaches the 8-hour demand zone, I’ll shift my attention to the extreme 5-hour demand zone for a potential buying opportunity, aligning with the overall bullish trend.
Let’s stay sharp and make the most of this week. Let’s crush Q1!
This week, my focus will be on the 8-hour demand zone around 108.600. If the price mitigates this zone, I’ll look for lower time-frame confirmation to enter a trade. My target will be the 8-hour supply zone above, where I anticipate some bearish pressure may emerge.
However, if the price moves lower and breaches the 8-hour demand zone, I’ll shift my attention to the extreme 5-hour demand zone for a potential buying opportunity, aligning with the overall bullish trend.
Let’s stay sharp and make the most of this week. Let’s crush Q1!
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.
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.