DXY monthly analysis
Price seems to be drawn to 2017-2018 highs which looks like a swing high. There was also a market structure shift after running out buy side liquidity in 2020(2020 highs) but failed to take out 2018 lows. 2018 Low looks like a swing low where we expect sell side liquidity to be. Within current range there are 2 imbalances opposing one another, price is above equilibrium or in a premium market. I am neutral for now as anything can happen , DXY could even take out old highs at around 103 and continue upward so I will wait and when price reaches points of interest I will study price action on Weekly , Daily , H4, H1 , M30, M15, M5, M1 charts. Lower time frames are mostly for entries, so I'll be sticking to Monthly, Weekly, Daily and H4 charts for now.
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