DXY potential big drop pending?
After forming a large bearish engulfing on the October monthly close, and price breaking a daily ascending TL and creating a new lower low. I am expecting price to come back for a retest of the TL / one of my areas of interest before potentially another large drop. One thing which goes against this however is price is still forming mini HHs and HLs above my EMAs on monthly. If this drop occurs we could see some nice buy set ups on XXXUSD pairs.
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