DXY trade ideas
Dollar Index Bullish to $111.350!While many people are turning bearish on the Dollar right now & targeting long term downside targets, I remain bullish on the DXY in the mid term. We have 2 zones from where bullish momentum will continue👇🏻
Zone 1: Current Market Price @$109📈
Zone 2: Supply Zone @$107-106📈
DXY on high timeframe
"Concerning DXY, the price is currently in a critical zone on the monthly timeframe. I foresee two scenarios:
1. If the price closes above the mentioned zone on the daily timeframe and forms a (FVG) on lower time frames, it could present a good opportunity to buy DXY after completing its pullback.
2. If the price fails to close above this zone and only sweeps liquidity, I will be observing candle formations and considering a sell-off towards the 107 zone."
DXY MAY STAY STRONG FOR A MOMENTThe chart indicates a bullish bias in the short to medium term, with Wave C targeting higher Fibonacci extensions.
However, key levels to watch are:
110.00 (resistance).
108.70 (support).
A break in either direction will provide confirmation for the next significant move.
DXY Trading Journal DXY Trading Journal
Jan 19
Price is delivering to a discount on the Previous weeks range in a consolidation pattern since Wednesday. Cool to see Price react at the event horizon level-marked in RED DOTTED LINE, as well as the NWOG reactions.
By Friday Price broke the equal highs and poked above the 50%. For the week I suspect Price will seek higher prices. Target is the clean equal highs and the 15M FVG to rebalance for the week ahead delivery.
Jan 20 ideas
My analysis leads me to expect that Price is delivering to Premium from Fridays range and Price should seek lower prices in Asia and in London to take the equal lows/15M FVG before seeking higher Prices.
Trump is going into office tomorrow be nimble because Price is on the 50% and Price could bull rally tomorrow to.
DXY Trading JournalDXY Trading Journal
Jan19 Weekly Analysis
Price is delivering to a premium on the M, W and daily.
Price is rebalancing a Monthly SIBI and wicked up to the .70 HTF level.
Price did seek lower prices last week rebalancing a daily FVG from Jan 8. and inefficient delivered price-volume imbalance from Jan 9.
Friday Price bounced off the .618 and taking buy side liquidity, while creating clean equal lows.
Trump takes to office Monday. WEF orange folder all week. Friday heavy news day.