DXY Update || Forex || 16 Jan

If the price remains above the critical level of 103.606, it indicates strength and bullish sentiment in the market.

Wait for Confirmation:
Observe the price movement and wait for the formation of a single green candle. This candle could signify a positive shift in momentum.

Action Plan:
Consider planning another trade, preferably a long (buy) position, as the conditions suggest a potential upward movement.

Risk Management:
However, be cautious, and avoid selling unless the price drops below 102.9. This level serves as a precautionary threshold, ensuring you don't enter a trade against the prevailing trend.