Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
All eyes on DXY, what's next!
As we clearly see price is still overall bearish trading inside this channel
In addition, price is still struggling around our resistance zone where we are speculating new bearish movement
However, and for now for the bears to kick in again with a new bearish movement we need a break belwo the marked major swing low
Then a further movement lower would be expected at least till the lower demand zone marked in the picture
Unless price managed to trade higher and make a new higher high above the marked swing high then a movement higher would be expected till the upper major swing high
Which would be breaking above our resistance zone.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
All eyes on DXY, what's next!
As we clearly see price is still overall bearish trading inside this channel
In addition, price is still struggling around our resistance zone where we are speculating new bearish movement
However, and for now for the bears to kick in again with a new bearish movement we need a break belwo the marked major swing low
Then a further movement lower would be expected at least till the lower demand zone marked in the picture
Unless price managed to trade higher and make a new higher high above the marked swing high then a movement higher would be expected till the upper major swing high
Which would be breaking above our resistance zone.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
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Telegram channel: t.me/Snipers_F_x