DXY looks like it finally finished it's correction down, after pulling a beautiful engulfing on the weekly TF,
The engulfing sits on 4 major points of interest:
1) Retest of the 102 high from march 2020
2) Bouncing off the 50% Fib retracement from uptrend that started in may 2021
3) False breakout of Trendline (watch confirmation with reintegration above the trendline)
4) Bounce off the 100 Lvl (Lower low at 100.80)
Time to look for shorts on XXXUSDs and longs on USDXXXs on the daily time frame until DXY shows sign of a u-turn
The engulfing sits on 4 major points of interest:
1) Retest of the 102 high from march 2020
2) Bouncing off the 50% Fib retracement from uptrend that started in may 2021
3) False breakout of Trendline (watch confirmation with reintegration above the trendline)
4) Bounce off the 100 Lvl (Lower low at 100.80)
Time to look for shorts on XXXUSDs and longs on USDXXXs on the daily time frame until DXY shows sign of a u-turn