forexwithfred

DXY - Liquidity Grab To Initiate Bullish Run

Long
ICEUS:DXY   U.S. Dollar Currency Index
What Is The Market Telling Us?
  • Price is currently ranging between Previous High & Previous Low
  • 1st Break in market structure towards bullish direction since March
  • Price is currently making its way toward previous low for a retest

What Are Market Participants Doing?
  • 70% of retail traders are shorting the dollar overall against DXY
  • There is currently over 450,000K short positions on the EUR from Dealer Intermediary (COT)
  • Institutional liquidity is sitting under sell stops of retail traders located below PDL

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