dxy - possible upside to continue
Hi all traders.
Please take note for dxy.
Currently dxy has slightly broken the trend line but still trading below the 200ma.
On the h1, we are seeing dxy with structure still intact.
As such, as long as structure holds, we should be expecting the 200ma to be broken next week on h4 for more upside confirmation.
However, if h1 structure doesn't hold, we should see dxy continue going downwards.
It remains to be seen, but be prepared of how dxy gonna move next week..
Cheers!
Please take note for dxy.
Currently dxy has slightly broken the trend line but still trading below the 200ma.
On the h1, we are seeing dxy with structure still intact.
As such, as long as structure holds, we should be expecting the 200ma to be broken next week on h4 for more upside confirmation.
However, if h1 structure doesn't hold, we should see dxy continue going downwards.
It remains to be seen, but be prepared of how dxy gonna move next week..
Cheers!
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