The dollar currency index has reached an all time Daily Support zone, now we expecting the dollar to gain strength (Trade upwards), we use this information as confluence when trading other USD pairs.
On the chart we see how the dollar index shows the principles of the SMC and how well respected these principles are. From this analysis we can see that the probability of Dollar Currency gaining strength is much higher. We expecting the price to Change Character, and continue to trade up and close the Imbalance.
SMC - Smart Money Concept.
On the chart we see how the dollar index shows the principles of the SMC and how well respected these principles are. From this analysis we can see that the probability of Dollar Currency gaining strength is much higher. We expecting the price to Change Character, and continue to trade up and close the Imbalance.
SMC - Smart Money Concept.