DXY (DOLLAR INDEX) Shorts from 107.000
My view on the dollar is relevant to all major pairs I trade, including GOLD, GBPUSD (GU), and EURUSD (EU). This week, we are approaching a strong high point with a previous Wyckoff distribution on a higher timeframe, now entering a significant supply level on the 9-hour chart. I anticipate a reaction at this level followed by a temporary decline in the dollar.
I expect the dollar to drop at least to the newly established 12-hour demand zone, where I foresee a bullish continuation. This supports the broader bullish trajectory of the dollar, aiming towards tapping into a 2-month supply zone where a major bearish reaction is expected.
Therefore, if I anticipate the dollar to initially rise and then drop, I also expect EURUSD and GBPUSD to continue their downward trends accordingly.
Note that this is my current bias, and I will adjust it based on evolving market trends. It's essential to consider various zones and scenarios for a comprehensive analysis."
This version maintains your original message while improving clarity and readability. Feel free to adjust it further based on your preferences!
I expect the dollar to drop at least to the newly established 12-hour demand zone, where I foresee a bullish continuation. This supports the broader bullish trajectory of the dollar, aiming towards tapping into a 2-month supply zone where a major bearish reaction is expected.
Therefore, if I anticipate the dollar to initially rise and then drop, I also expect EURUSD and GBPUSD to continue their downward trends accordingly.
Note that this is my current bias, and I will adjust it based on evolving market trends. It's essential to consider various zones and scenarios for a comprehensive analysis."
This version maintains your original message while improving clarity and readability. Feel free to adjust it further based on your preferences!
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