The DXY is moving within a trading range on the 4H chart. We can sell at the top around 103.80 and buy at the bottom of the range around 102.80.
However, we anticipate an upward breakout (in the direction of the trend on the longer timeframes). Therefore, we can either buy at the bottom of the range or wait for a bullish breakout and a pullback to position ourselves for a buy. Our target would then be 105.45.
However, we anticipate an upward breakout (in the direction of the trend on the longer timeframes). Therefore, we can either buy at the bottom of the range or wait for a bullish breakout and a pullback to position ourselves for a buy. Our target would then be 105.45.
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