U.S. Dollar IndexShort
DXY Reversal Anticipation - Short Bias
DXY reversal outlook. I believe DXY is still going to go lower.
Possibly another thrust up before the reversal. A new month is about to start so I will be anticipating the monthly Power of 3.
The bias for lower DXY is COT reports of Intermarket assets and the lowest point of DXY falling short of the Weekly FVG. This rally could just be inducing liquidity. There is trendline buyside liquidity way up, but I would be quite surprised if it gained that much strength. If it did, probably a Black Swan liquidity sweep.
The first reversal point could deeper into the Daily FVG that it tapped into, into an old NDOG.
The second reversal point could be at a Weekly Mitigation Block with a lower timeframe Order Block, at or near the 70.5% OTE level.
The third reversal point could be at the highest Daily FVG after taking out an intermediate high.
This is all anticipation. Always wait for confirmation, and always be ok with not being right in your analysis. As ICT says, you can be right in your analysis and still be unprofitable, and be wrong in your analysis and still be profitable. We are here to make money.
Possibly another thrust up before the reversal. A new month is about to start so I will be anticipating the monthly Power of 3.
The bias for lower DXY is COT reports of Intermarket assets and the lowest point of DXY falling short of the Weekly FVG. This rally could just be inducing liquidity. There is trendline buyside liquidity way up, but I would be quite surprised if it gained that much strength. If it did, probably a Black Swan liquidity sweep.
The first reversal point could deeper into the Daily FVG that it tapped into, into an old NDOG.
The second reversal point could be at a Weekly Mitigation Block with a lower timeframe Order Block, at or near the 70.5% OTE level.
The third reversal point could be at the highest Daily FVG after taking out an intermediate high.
This is all anticipation. Always wait for confirmation, and always be ok with not being right in your analysis. As ICT says, you can be right in your analysis and still be unprofitable, and be wrong in your analysis and still be profitable. We are here to make money.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
R2F Trading
Private Coaching Available
road2fundedtrading.com
Telegram: @Road2Funded
Discord: @pippilongshorting
Private Coaching Available
road2fundedtrading.com
Telegram: @Road2Funded
Discord: @pippilongshorting
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.