Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
What's next on DXY.
As we can see price previously was clearly overall bearish making clean lower lows and lower highs.
However, price recently stuck inside this range market marked as Equal lows and equal highs,
And for the bulls to kick in from a short-term perspective we need a break above the upper bound of this range,
Then expect a further movement higher would be expected.
Unless price managed to break below, then a movement lower would be expect, and bears will remain in control with new bearish movement.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
What's next on DXY.
As we can see price previously was clearly overall bearish making clean lower lows and lower highs.
However, price recently stuck inside this range market marked as Equal lows and equal highs,
And for the bulls to kick in from a short-term perspective we need a break above the upper bound of this range,
Then expect a further movement higher would be expected.
Unless price managed to break below, then a movement lower would be expect, and bears will remain in control with new bearish movement.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!