Kindly go through our previously published Top Down analysis of DXY from H4, H1 to better understand where this M30 bias is coming from and where its based on.
Next Possible moves Intraday:
1) DXY should retrace clearing sell side liquidity and covering or filling the recent air value gap it created, trading into the first bullish order block it impulsively broke structure to the upside from. Here we also have fib level 62.0 which is discount market value and optimal trade entry (OTE). Bullishness is to be expected on this zone with stops below this zone.
2) If DXY doesn't react bullishly on the aforementioned zone, it should react to the upside on the next zone which is Fib level 79.0 and extreme discount zone then rally up to clear external range liquidity on previous highs of the market within its current dealing range
Don't forget to boost this idea and comment so we can interact here together.
Good luck and good trading
Next Possible moves Intraday:
1) DXY should retrace clearing sell side liquidity and covering or filling the recent air value gap it created, trading into the first bullish order block it impulsively broke structure to the upside from. Here we also have fib level 62.0 which is discount market value and optimal trade entry (OTE). Bullishness is to be expected on this zone with stops below this zone.
2) If DXY doesn't react bullishly on the aforementioned zone, it should react to the upside on the next zone which is Fib level 79.0 and extreme discount zone then rally up to clear external range liquidity on previous highs of the market within its current dealing range
Don't forget to boost this idea and comment so we can interact here together.
Good luck and good trading