[Weekly forecast] - Dollar index

1. The big picture

What we can see on big picture now is " Buying pressure is being absorbed quite clearly"

2.The confirmation

First of all, the confirmation was show by breaking H1's Key level to change the trend from up movment to down movement in H1 timeframe.
It is the first confirmation for the pullback of DXY can run down more.
But, now market has come to H4's up trend key level.

This down cycle maybe held here?
What is our next plan?

3. Next plan
Combine Smart Money Concepts - Key level strategy together , what we can expect now will be :
- Case #1, market will go up to H1 down supply zone to collect more power to break out H4 Key level.
- Case #2, we will wait to sell at POI zone of Smart Money stream. With the power from Big boys, it is easier and more safety to break out H4 key level to start the down trend as we discussed on the big story.
Target will be the strong demand zone as we can see on the chart.

Note : These plans will be removed if market has valid break out POI zone.
Always wait the confirmation at the core zone to sell.
As my view, Case #2 will be our main case that we should follow.

코멘트:

Even now market was held at POI at with the action like this at POI, money stream to push money down don't really strong. Be-careful!