Let’s take a look at DXY on the Daily timeframe.
Price recently broke the previous Higher Low, flipping the structure to the downside. This marks a significant shift in momentum.
Now, I'm watching the 98.000 level, which I’ve identified as a Daily Demand Zone. It’s the origin of the move that broke the previous bearish structure, making it a key area of interest.
I’ll be waiting for a reaction from this zone to see if buyers step in again ( most likely ) or if the bearish momentum continues.
That would be my confirmation for xxx/usd shorts.
Price recently broke the previous Higher Low, flipping the structure to the downside. This marks a significant shift in momentum.
Now, I'm watching the 98.000 level, which I’ve identified as a Daily Demand Zone. It’s the origin of the move that broke the previous bearish structure, making it a key area of interest.
I’ll be waiting for a reaction from this zone to see if buyers step in again ( most likely ) or if the bearish momentum continues.
That would be my confirmation for xxx/usd shorts.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.