DXY Shorts from the daily supply at 104.200 back down.
The dollar has broken significant structure to the downside, leaving a clean, unmitigated daily supply zone with an imbalance that adds validity to this point of interest. Once price reaches this level, I'll likely refine the zone and wait for a CHOCH on the lower timeframe.
If price moves down first, I’ll watch for it to enter the newly created 3-hour demand zone, which swept previous higher-timeframe structure. This could propel the dollar up to the supply zone.
Confluences for DXY Shorts:
Strong bearish momentum on the higher timeframe, breaking previous structure.
Significant liquidity to the downside.
A solid daily supply zone caused this move, with an imbalance below.
This pro-trend trade aligns with my other pairs.
P.S. I expect Monday to start slow, with consolidation before either zone is mitigated. We'll make our move from there.
If price moves down first, I’ll watch for it to enter the newly created 3-hour demand zone, which swept previous higher-timeframe structure. This could propel the dollar up to the supply zone.
Confluences for DXY Shorts:
Strong bearish momentum on the higher timeframe, breaking previous structure.
Significant liquidity to the downside.
A solid daily supply zone caused this move, with an imbalance below.
This pro-trend trade aligns with my other pairs.
P.S. I expect Monday to start slow, with consolidation before either zone is mitigated. We'll make our move from there.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.