The Dollar Index recently closed above a previous lower high, signaling a possible bullish trend continuation. However, the recent drop has only seen wicks covering the higher low, suggesting this may just be a liquidity sweep rather than a true bearish reversal.
📊 Key Observations:
✔ Higher Low Sweep: Current price action suggests liquidity is being grabbed before a potential move higher.
✔ Daily Structure: This move aligns with a possible sweep on the D1 timeframe, meaning a bullish reaction could be imminent.
🔎 Next Steps: Watching for bullish confirmation before taking long positions. If price reclaims support, a continuation toward higher levels is likely.
📊 Key Observations:
✔ Higher Low Sweep: Current price action suggests liquidity is being grabbed before a potential move higher.
✔ Daily Structure: This move aligns with a possible sweep on the D1 timeframe, meaning a bullish reaction could be imminent.
🔎 Next Steps: Watching for bullish confirmation before taking long positions. If price reclaims support, a continuation toward higher levels is likely.
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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.
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.