DXY on a pause? 🦐
Updated
DXY on the daily chart is coming from a series of powerful high highs higher lowes and the main trend is surely bullish.
The market anyway might be looking for a pause and on the chart we can see hoe the support trendline has been tested now.
How can i approach this scenario?
I will monitor the market during the US session and if the price will break and close below the area i will consider a short on the US pairs.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The market anyway might be looking for a pause and on the chart we can see hoe the support trendline has been tested now.
How can i approach this scenario?
I will monitor the market during the US session and if the price will break and close below the area i will consider a short on the US pairs.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
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