Anticipate bear move
DXY on Weekly above and 4hr below
In weekly chart (above), the bias were bearish.
Candle analysis:
Current week, we fell into previous week low but however close with green an upward candle showing a willingness to continue its trend upward. This might be indicating that price will move higher taking the buy stops that are resting above.
In 4 hr timeframe, we could see that price making an imbalance upward.
Taking all into consideration, we might took liquidity that rests above buy stops and waiting for a change in price delivery. After that we could open short position to target for weekly swing low.
Probably...
In weekly chart (above), the bias were bearish.
Candle analysis:
Current week, we fell into previous week low but however close with green an upward candle showing a willingness to continue its trend upward. This might be indicating that price will move higher taking the buy stops that are resting above.
In 4 hr timeframe, we could see that price making an imbalance upward.
Taking all into consideration, we might took liquidity that rests above buy stops and waiting for a change in price delivery. After that we could open short position to target for weekly swing low.
Probably...
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