DXY US dollar Index- Will the dollar keep getting weaker?
Weekly Time Frame (TF)
- Bearish trend
- Current weekly candlestick near previous weeks low 90.244(support)
Daily (TF)
- Bearish trend
- Couple of wick rejections of last weeks low 90.244(Support)
4hr (TF)
-Bearish trend
- Many wicks made by the bears show bearish power wanting to come in the market.
BIAS
Looking for price to shoot bellow previous week low
When the low is broken through we should look for:
1) Retest on the level support turned resistance
2) Continuation patterns or candlesticks
Tip!!!
Just be aware that anything can happen in the market so react to what the market is telling you once it reaches your opportunity points.
- Bearish trend
- Current weekly candlestick near previous weeks low 90.244(support)
Daily (TF)
- Bearish trend
- Couple of wick rejections of last weeks low 90.244(Support)
4hr (TF)
-Bearish trend
- Many wicks made by the bears show bearish power wanting to come in the market.
BIAS
Looking for price to shoot bellow previous week low
When the low is broken through we should look for:
1) Retest on the level support turned resistance
2) Continuation patterns or candlesticks
Tip!!!
Just be aware that anything can happen in the market so react to what the market is telling you once it reaches your opportunity points.