DXY- 02/10/23**Trade setup:** Still looks very bullish, but the X in green is telling me the trend is getting weaker!
Coming into a SUPPLY zone made in DEC so were getting stopped here but looking to break out of it on the day chart!
If we can get above here it will take out the two red imbalances from last NOV and try the high at $114, this is running with BTC atm so a pullback here will probably mean worse for BTC!
I will be looking for the high to be broken to trade higher here and looking for a pullback!
Now the targets are below:
**Bullish target:** $109 then $111 to clear out imbalance if broken at $106
**Bearish target:** $103 if we fail to make a new high and break above $106
**Supply and Demand**: The nearest Demand to keep us up is $100. The next Supply is $114.
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.