DXY LONG IDEA
From a price action point of view, DXY is poised to go higher, we have generated liquidity and I anticipate a run higher.
FOMC volatility news at 1400hrsNY should provide more volume for price to squeeze higher.
I anticipate any trader net short from London from 99.747 should be taken out and a possible final target of at least 99.871 is probable. If price consolidates expect massive expansion higher during the Asian Session.
I'm seeing long opportunities before a reversal.
Inversely correlated pairs such as GBPUSD, and EURUSD should see a push lower until before 1515rsNY.
Theory: Do not fight the FED
Annotations made on the chart
FOMC volatility news at 1400hrsNY should provide more volume for price to squeeze higher.
I anticipate any trader net short from London from 99.747 should be taken out and a possible final target of at least 99.871 is probable. If price consolidates expect massive expansion higher during the Asian Session.
I'm seeing long opportunities before a reversal.
Inversely correlated pairs such as GBPUSD, and EURUSD should see a push lower until before 1515rsNY.
Theory: Do not fight the FED
Annotations made on the chart
Note
smart money traders are long on the impulsive candle,Order cancelled
made another entry long
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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.