DXY - Possible Sentiment Shift?
Hi Traders. If you've been trading the currency market, you'll probably know that the recent dollar strength has been insane.
Since the peak at 109, I actually noticed some weakness, especially the way price failed to form higher lows sequence.
Price then slipped below 107.50, further proved that probably we're looking at some short-term weakness.
To validate this thesis, we'll see if the current Bearish continuation pattern will resume. If yes, then possibly I will be looking for some XXXUSD long opportunities.
However, always be flexible.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Since the peak at 109, I actually noticed some weakness, especially the way price failed to form higher lows sequence.
Price then slipped below 107.50, further proved that probably we're looking at some short-term weakness.
To validate this thesis, we'll see if the current Bearish continuation pattern will resume. If yes, then possibly I will be looking for some XXXUSD long opportunities.
However, always be flexible.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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