DXY
- Bullish market structure as HHs and HLs are being printed.
- Last week price broke to the upside after a long period of consolidation.
- Expecting DXY to come retest areas of consolidation region prior to a continuation of upside movement.
If DXY continues with upside movement, then we can see downside on currency pairs with the dollar as its quote currency, as upside on currency pairs with dollar as its base currency
Will use DXY as confluence
- Bullish market structure as HHs and HLs are being printed.
- Last week price broke to the upside after a long period of consolidation.
- Expecting DXY to come retest areas of consolidation region prior to a continuation of upside movement.
If DXY continues with upside movement, then we can see downside on currency pairs with the dollar as its quote currency, as upside on currency pairs with dollar as its base currency
Will use DXY as confluence