DXY Outlook 5/13
The dollar continued to show strength this week, Friday's price action traded into a weekly bearish orderblock, I expect to see mitigations away from this level to at least retest 4hr structure and perhaps break it and head lower.
Friday price action also caused LTF demand to fail. We will be watching how price reacts when it trades back into 5min supply and be watching XXXUSD correlated pairs for structural set up that are in confluence with this bearish DXY outlook.
A new high above last week's high would invalidate this idea.
Friday price action also caused LTF demand to fail. We will be watching how price reacts when it trades back into 5min supply and be watching XXXUSD correlated pairs for structural set up that are in confluence with this bearish DXY outlook.
A new high above last week's high would invalidate this idea.
Let the algo show you its hand.
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