DXY collapsed on Friday after the Non-Farm Employment Change news and it was much worse than expected! i believe that the DXY did not over exaggerate as it had to fall to retrace the Long rally that it was in.
Moreover, the Monthly May close and the engulf candle occurred makes me believe more that this fall is only a retracement unless the price breaks below 93.25 this would make me recalculate my levels and check for other patterns.
The DXY closed on a very strong harmonic and fibonacci level which has a high probability to bounce from it but to confirm it we need to see a bullish daily close.
Finally, no one can guarantee you a 100% idea or signal to buy or sell. we analyze the market to get a high probability ideas and signals. and its your call to decide.
Moreover, the Monthly May close and the engulf candle occurred makes me believe more that this fall is only a retracement unless the price breaks below 93.25 this would make me recalculate my levels and check for other patterns.
The DXY closed on a very strong harmonic and fibonacci level which has a high probability to bounce from it but to confirm it we need to see a bullish daily close.
Finally, no one can guarantee you a 100% idea or signal to buy or sell. we analyze the market to get a high probability ideas and signals. and its your call to decide.
