DXY Corrective Structure on Going
Hello Guys, last week we got the DXY price last week was in big fall even on friday it can comeback a half price of falling.
based on "smart money concept" DXY has made the "CHOCH" Change of character based which is mean the price potentially will change the direction of trend, in this situation from bearish to bullish. so we can focus to BUY position.
where the entry ?
guys if we look the deatil in 1 h timeframe the price had been stopped twice (double top) in resistance at 110.6442. the price need more support and power to break that resistance so it will continue the corrective structure untill get the support and demand zone around 110.0391-109.8414. when the price reach that zone so we can take BUY postion.
based on "smart money concept" DXY has made the "CHOCH" Change of character based which is mean the price potentially will change the direction of trend, in this situation from bearish to bullish. so we can focus to BUY position.
where the entry ?
guys if we look the deatil in 1 h timeframe the price had been stopped twice (double top) in resistance at 110.6442. the price need more support and power to break that resistance so it will continue the corrective structure untill get the support and demand zone around 110.0391-109.8414. when the price reach that zone so we can take BUY postion.
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