In wrapping up the trading week, DXY has shown distinct bearish signals in its intraday price action, suggesting a potential shift in short-term sentiment. Looking ahead, my strategy involves closely monitoring for a pullback into significant Fibonacci levels, aiming to capitalize on a potential entry point for bearish continuation.
Alternatively, should the current market structure break down, my focus shifts to anticipating a retest of that breakdown, presenting an opportunity for a more substantial market shift. As with any trade, I'll implement robust risk management strategies to navigate unforeseen market dynamics. This trade idea is shared for educational purposes, encouraging a collective exploration of potential opportunities in the evolving market landscape. What are your insights on this DXY trade setup?