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DXY Outlook 8/6
DXY Outlook - DXY is at a bit of a crossroads. on the HTF we have traded into a monthly FVG and have been reacting bullishly off it in recent price. However we have traded into a bearish weekly OB and daily FVG area. Price broke market structure in last weeks trading so at this point I am anticipating short term bearish action. With the most recent bullish daily OB as a potential target, and the mean threshold of the monthly rejection block as a deep discount target.
A failed 12H BISI FVG was violated late last week. Looking to take early sells from this area if I see something I like.
With CPI on Thursday price action is likely to be slow the majority of the week before energetic liquidity clearing during News.
A failed 12H BISI FVG was violated late last week. Looking to take early sells from this area if I see something I like.
With CPI on Thursday price action is likely to be slow the majority of the week before energetic liquidity clearing during News.
Let the algo show you its hand.
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