DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall DXY is bullish on higher timeframes while the 4hour timeframe is within a range between 99.250 resistance & 97.850 support.
The most likely scenario is that price action will push toward the top of the range before we see any sort of reaction.
Once we reach 99.250 we will look for a bounce or break.
Trade scenario 2: If we are to consider DXY bearish we would first need to see a break of a higher low on this timeframe.
If this happens, look for price action to fall to 97.850 support.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall DXY is bullish on higher timeframes while the 4hour timeframe is within a range between 99.250 resistance & 97.850 support.
The most likely scenario is that price action will push toward the top of the range before we see any sort of reaction.
Once we reach 99.250 we will look for a bounce or break.
Trade scenario 2: If we are to consider DXY bearish we would first need to see a break of a higher low on this timeframe.
If this happens, look for price action to fall to 97.850 support.