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Bullish DXY
U.S. Dollar Index
Long
Bullish DXY
By tradermebiali
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May 5
2
May 5
Monthly:
a. Bullish arguments:
1. FVG not respected.
2. Latest candle came back to retest FVG.
3. Latest candle did not took PML
b. Bearish arguments:
1. Respected monthly OB.
2. Did not took PMH.
3. A good Displacement.
Weekly:
a. Bullish arguments:
1. Previous FVG with OB defense retested.
2. Latest FVG might be respected.
3. Price at Discount PD array
b. Bearish arguments:
1. Respected monthly OB.
2. Did not took PWH.
3. A good Displacement.
Daily:
a. Bullish arguments:
1. Market is at IRL and ready for ERL
2. So for FVG is respected.
3. Latest candle came back to retest FVG.
b. Bearish arguments:
1. Respected Weekly OB.
2. Did not took PWH.
3. A good Displacement.
4. created a FVG for sell.
Note:
It is best to wait for daily candle to form completely in order to confirm the bias
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