THIS IS JUST A SPECULATION, SO DON'T TAKE THE ANALYSIS TO BE THE CENTRE OF THE LONGS FOR DOLLAR
The dollar seems to have formed an SMT with
GBPUSD
. A break above the swing high would make me believe that the price of Dollar would turn bullish and that would in turn take price of dollar to my already marked out levels at 105.103 and 105.883
If price of Dollar does not respect the aformentioned plan, I would anticipate Buyside liquidity to be taken at 103.357 and then reprice to february lows as manipulation
Let's wait for either scenarios to play out
The dollar seems to have formed an SMT with
GBPUSD
. A break above the swing high would make me believe that the price of Dollar would turn bullish and that would in turn take price of dollar to my already marked out levels at 105.103 and 105.883 If price of Dollar does not respect the aformentioned plan, I would anticipate Buyside liquidity to be taken at 103.357 and then reprice to february lows as manipulation
Let's wait for either scenarios to play out