Hi,
DXY is bearish on the 1-hour chart, headed toward the 98.901 area, potentially aiming for 97.912 with an extended drop to 96.114.
Price volatility is moving in line with price momentum across both lower and higher timeframes, suggesting strong bearish sentiment at this time.
If the price reverses and breaks above 101.000, the setup will be invalidated.
Happy trading,
K.
Not trading advice
DXY is bearish on the 1-hour chart, headed toward the 98.901 area, potentially aiming for 97.912 with an extended drop to 96.114.
Price volatility is moving in line with price momentum across both lower and higher timeframes, suggesting strong bearish sentiment at this time.
If the price reverses and breaks above 101.000, the setup will be invalidated.
Happy trading,
K.
Not trading advice
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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.