DXY BEARISH FORECAST
🔵 DXY PRICE FORECAST
The DXY has been on a rally to the topside for the past few weeks and a bearish momentum is expected to kick in as It has traded into our higher time frame area of interest for a possible sell. We are currently observing price action in the lower time frame for bearish break in market structure in other to make a good sell entry.Good sell entries will be around 104.465 - 104.930 with stoploss at 105.4.
We will be paying close attention to see how the new week opens.
The DXY has been on a rally to the topside for the past few weeks and a bearish momentum is expected to kick in as It has traded into our higher time frame area of interest for a possible sell. We are currently observing price action in the lower time frame for bearish break in market structure in other to make a good sell entry.Good sell entries will be around 104.465 - 104.930 with stoploss at 105.4.
We will be paying close attention to see how the new week opens.
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