Anticipating DXY's Next Move: A Week Ahead Analysis
Updated
Last week, I was expecting DXY to tap into the buy-side liquidity, which it accomplished on Monday. Consequently, I mostly stayed on the sidelines as it met my target. Looking forward to the coming week, considering DXY has taken out its February high and is currently trading within the monthly BPR and fair value gap and at the OTE (Optimal Trade Entry) level, my anticipation aligns with the bearish seasonal for April.
Given this, I foresee bearish price action in the upcoming week. Presently, on the weekly timeframe, DXY find itself trap in a PD arrays, necessitating further displacement for confirmation. Additionally, on the four-hour chart, the market maker sell model is poised to come into play.
As we analyze the weekly candle, the open-high-low-close (OHLC) configuration suggests a bearish outlook for the week ahead.
#dxy #forextrader #tradingcards #MarketOutlook
Given this, I foresee bearish price action in the upcoming week. Presently, on the weekly timeframe, DXY find itself trap in a PD arrays, necessitating further displacement for confirmation. Additionally, on the four-hour chart, the market maker sell model is poised to come into play.
As we analyze the weekly candle, the open-high-low-close (OHLC) configuration suggests a bearish outlook for the week ahead.
#dxy #forextrader #tradingcards #MarketOutlook
Note
Not valid any more.,CPI changes the whole case waiting for weekly close then re evualate
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