Looking at DXY, We can see that price is approaching the value Area correctively. What I will be looking for is a Break of the value Area and therefore wait for a continuation pattern to the downside. The 2nd scenario which I am anticipating is price bouncing from the Value Area and wait for a continuation pattern to the upside, and our first target will be at the inflection as I am looking forward for DXY to fill the gap on the Daily Timeframe.
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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.