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Jimmy_Rebello
Mar 24, 2024 12:06 PM

DXY next week overview - !06.500 or !03.800 ??? 

U.S. Dollar Currency IndexTVC

Description

the upcoming week ahead bring alot of volatility have days with events and major ones

Recap -
the previous week was more based on sharp turns that has tested important level and broken important level
but left behind some imbalance that given a strong sign or outperformance by DXY

What to Expect - 104.300 the price breakout now the upside potential liquidity would be 105
and there after we have higher time frame (M, W) bearish order block
but the price with big bars has left behind some fair value area
which might holding some good liquidity to fuel if the price expect the upside momentum

Key Area -
keep eye on 103.700 > 103.400 > 102.850

conclusion try to buy with limit order on key area rather than going short


Comment

pricing is taking pullback

Comment

the fvg near 104.100 does show significant power to bounce might get disrespected
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