Hi there,
DXY is at the 91.60 level, it is February 2021 maximum.
At this level I am expecting the price to reverse.
Watch the PA at the resistance zone:
- if the resistance level is violated and the price starts to consolidate for more down move, then this idea is negated.
- If the price breaks the resistance zone sharply and reverses immediately, then I will consider this price action as a possible signal for a long position.
DXY is at the 91.60 level, it is February 2021 maximum.
At this level I am expecting the price to reverse.
Watch the PA at the resistance zone:
- if the resistance level is violated and the price starts to consolidate for more down move, then this idea is negated.
- If the price breaks the resistance zone sharply and reverses immediately, then I will consider this price action as a possible signal for a long position.