The DXY has been on a very steep impulse with shallow retracements. Normally I would expect a deeper pullback but the DXY can move very far and fast without checking the rear view mirror when it wants to.
A break strong move and close above the 1 hr. trend line (purple) may pave the way for a straight shot to the green daily trend line. If it does we will have to watch what it does when it gets there. A break of the blue dotted line would indicate a htf correction is a strong possibility.
A break strong move and close above the 1 hr. trend line (purple) may pave the way for a straight shot to the green daily trend line. If it does we will have to watch what it does when it gets there. A break of the blue dotted line would indicate a htf correction is a strong possibility.
Trade fechado: objetivo atingido:
Now we watch for signs of a new leg down or a break to the upside.