This is a rough yearly outlook for the DXY. I will be updating this as the year goes on (I'll update this idea monthly as I check it).
Right now there is TONS of sell side liquidity open on the DXY, and price may want to attack it.
It's important to monitor its behavior around the 110-112 mark.
I'm bearish on this index overall (1-4 year outlook), but it could definitely have a semi bullish 2025.
SCENARIOS
-If we get a strong breach above that would imply a new 10-year high potential.
-If we hit the 110-112 mark and reverse down under 108 within 30-days of hitting that mark, we are probably going to make a run for sell side liquidity, with the first target being 99.50.
That's all for now.
-Gio
...
P.S. If anything I say in this sounds like a different language to you, or you want to learn my techniques, give me a follow. I'm launching a community this summer to help new and struggling traders with market techniques and personal development. It will be free. If you follow me now, I'll notify you, or shoot you a message when it becomes available.
Right now there is TONS of sell side liquidity open on the DXY, and price may want to attack it.
It's important to monitor its behavior around the 110-112 mark.
I'm bearish on this index overall (1-4 year outlook), but it could definitely have a semi bullish 2025.
SCENARIOS
-If we get a strong breach above that would imply a new 10-year high potential.
-If we hit the 110-112 mark and reverse down under 108 within 30-days of hitting that mark, we are probably going to make a run for sell side liquidity, with the first target being 99.50.
That's all for now.
-Gio
...
P.S. If anything I say in this sounds like a different language to you, or you want to learn my techniques, give me a follow. I'm launching a community this summer to help new and struggling traders with market techniques and personal development. It will be free. If you follow me now, I'll notify you, or shoot you a message when it becomes available.
Note
If this week closes bearish, like how it looks right now. I'll begin looking for short opportunities. Idea is in play. Targets will be the green zones.Logic: Price showed a switch in liquidity and might make a run for the sell side liquidity.
Trade active
The DXY is dropping as expected, it's definitely a bearish season and we can absolutely rip this thing for shorts the remainder of the year. 100 is the next target, we might have a small rally but overall, this idea is playing exactly how we were looking for it to go in Q1, which is good. Shows we are are in tune with price right now
Note
It is possible we have some bullish momentum randomly flood into the market, but if we end up closing below 103 on a weekly candle within the next month, < 100 looks like a very probable target.
Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks. 👇
theelevatedinvestor.carrd.co/
Your next setup is waiting—Subscribe for access to my weekly outlooks. 👇
theelevatedinvestor.carrd.co/
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.
Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks. 👇
theelevatedinvestor.carrd.co/
Your next setup is waiting—Subscribe for access to my weekly outlooks. 👇
theelevatedinvestor.carrd.co/
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.