DXY Looking Like It's Setting Up Towards Bearish Liquidity Grab! What's Up Chat, Welcome Forex Traders, Degens, & Investors.
Let's jump right in, Dollar looks bullish however we're currently giving it time for it to consolidate, grab as much upside liquidity as possible, before it decides to have a trend reversal.
{VISUAL GUIDE:}
Eclipses: Have a Letter "M" or "D" Indicating Gaps in either the Monthly time frame or the Daily time frame.
Black Lines: Represent Active Monthly liquidity.
Blue lines: Represent Active Weekly liquidity.
Yellow lines: Represents Active Daily liquidity.
White lines: Represents Active 4HR liquidity.
Green Landscape Line: Represents Trumps inauguration.
Red Landscape Line: Represents 1st Lunar Cycle, FOMC, & Possible Psyop incoming which all has negative sentiment.
In continuation, we're looking to sell the dollar, but are being patient to be able to snipe it at the right time.
It would be smart to open up a position for a sell around this level, & if you're trading EUR/USD enter a buy position at this level. Small risk as were waiting to DCA, if market gives us a better price point.
This is measuring out to be a 400-600 pip move to the downside 5-6% Bearish move or more.
