On the weekly timeframe it is more convincing that the last spike down was a sellside liquidity grab in order to start reaching towards the buyside liquidity, starting with the descending trendline.
I will be anticipating further movement higher over the weeks/months to reach for the weekly Bearish Breaker Block. I also expect a measure of using a previous FVG/iFVG as support before heading higher. If price pushes higher into a weekly Orderblock residing above, then I would consider that the last line of defense before the DXY potentially making new highs.
I am excited about the possible setups based on DXY in the near future.
I will be anticipating further movement higher over the weeks/months to reach for the weekly Bearish Breaker Block. I also expect a measure of using a previous FVG/iFVG as support before heading higher. If price pushes higher into a weekly Orderblock residing above, then I would consider that the last line of defense before the DXY potentially making new highs.
I am excited about the possible setups based on DXY in the near future.
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