DXY EXPECTED MOVES
AS we all know later today we have dxy cpi news
we have nothing to do with fundamentals what we can is waiting patientaly todays closing
dxy recently breaks descending b wedge in daily tf (where lots of traders opened there positions )
they were fomo traders in my dairy lets have a look deeply in technical factors
1) dxy recently breaks descending broadening wedge in daily tf what we get from this long uptrend is over now)
2) but what we will do of bulish flag ( ideal pattern for trend continuation) a big question mark
3) personally i will wait for strong rejection from descending b wedge tl area to enter if this not happend then will wait for bulish flag pattern breakout for further shorts in gbp eur btc and others
we have nothing to do with fundamentals what we can is waiting patientaly todays closing
dxy recently breaks descending b wedge in daily tf (where lots of traders opened there positions )
they were fomo traders in my dairy lets have a look deeply in technical factors
1) dxy recently breaks descending broadening wedge in daily tf what we get from this long uptrend is over now)
2) but what we will do of bulish flag ( ideal pattern for trend continuation) a big question mark
3) personally i will wait for strong rejection from descending b wedge tl area to enter if this not happend then will wait for bulish flag pattern breakout for further shorts in gbp eur btc and others
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