Bullish DXY

5월 5일

Monthly:

a. Bullish arguments:
1. FVG not respected.
2. Latest candle came back to retest FVG.
3. Latest candle did not took PML

b. Bearish arguments:
1. Respected monthly OB.
2. Did not took PMH.
3. A good Displacement.

Weekly:

a. Bullish arguments:
1. Previous FVG with OB defense retested.
2. Latest FVG might be respected.
3. Price at Discount PD array

b. Bearish arguments:
1. Respected monthly OB.
2. Did not took PWH.
3. A good Displacement.

Daily:

a. Bullish arguments:
1. Market is at IRL and ready for ERL
2. So for FVG is respected.
3. Latest candle came back to retest FVG.

b. Bearish arguments:
1. Respected Weekly OB.
2. Did not took PWH.
3. A good Displacement.
4. created a FVG for sell.

Note:

It is best to wait for daily candle to form completely in order to confirm the bias