In wrapping up the trading week, DXY has shown distinct bearish signals in its intraday price action, suggesting a potential shift in short-term sentiment. Looking ahead, my strategy involves closely monitoring for a pullback into significant Fibonacci levels, aiming to capitalize on a potential entry point for bearish continuation.
Alternatively, should the current market structure break down, my focus shifts to anticipating a retest of that breakdown, presenting an opportunity for a more substantial market shift. As with any trade, I'll implement robust risk management strategies to navigate unforeseen market dynamics. This trade idea is shared for educational purposes, encouraging a collective exploration of potential opportunities in the evolving market landscape. What are your insights on this DXY trade setup?
Alternatively, should the current market structure break down, my focus shifts to anticipating a retest of that breakdown, presenting an opportunity for a more substantial market shift. As with any trade, I'll implement robust risk management strategies to navigate unforeseen market dynamics. This trade idea is shared for educational purposes, encouraging a collective exploration of potential opportunities in the evolving market landscape. What are your insights on this DXY trade setup?
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Note
15M "kill candle" bearish momentum expected 
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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.