Your current most important DXY target until...The first target scenario in my mind for DXY is the Monthly fair value gap.
Market structure is now aligned for that too to play out.
- A monthly bullish gap is present below current price (inside the monthly accumulative range)
- A weekly bullish gap is being disrespected to the downside (indicating the lack of momentum, leaving this range)
- On the daily, price respects and creates bearish PD arrays.
I'm bearish on the higher timeframes, targeting the Monthly fvg, as long as price is closing below the Daily gap outlined in the chart.
(This is not to say that there are no high quality trades on the lower time frames, such as targeting the most recent daily gap to the upside)
Ok be safe byyyyyyy