DXY exited the first stage distribution confirming we are bullish and in a marked maker buy model.
I expect CPI to retrace price and resume the bullish weekly trend afterwards.
This is a bullish possibility for DXY price action for next week.
Monthly:
- Price took a swing low confluent with a bearish breaker in discount and closed above the level;
Weekly:
- Price Took a swing below monthly swing with a bullish reaction. If this week closes with above previous weeks high, it confirms a bullish weekly swing;
Daily:
- Monday printed the...
Dxy is still respecting the market maker buy model idea.
Monday traded inside friday range.
Today (Tuesday) price already traded above monday previous high signaling bullish momentum and a higher probability to trade also above friday high.
Right now price is consolidating between a daily bullish fair value gap and a bearish daily volume imbalance.
With the...
