4 Hour
We have a trend line that has been tested multiple times.
Price has respected 1.255 level.
30 Min
Price is consolidating between 1.25395 and 1.25870
Tested 1.25395 twice will try to enter if there's a third touch.
Confidence
About 75%
Reasons
- Price broke market structure on smaller time frame.
- Price has strong recent bearish momentum.
-- Price hasn't broken 4h market structure yet so buys are still eleigble.
We have a trend line that has been tested multiple times.
Price has respected 1.255 level.
30 Min
Price is consolidating between 1.25395 and 1.25870
Tested 1.25395 twice will try to enter if there's a third touch.
Confidence
About 75%
Reasons
- Price broke market structure on smaller time frame.
- Price has strong recent bearish momentum.
-- Price hasn't broken 4h market structure yet so buys are still eleigble.
Note
Would like to add that if price breaks and closes below consolidation would 100% look for sales, however I have a buy bias for DXY right now.
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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.