As I stated before dollar hit my rejection area.
If you check the economic calendar we had news for GBP @4:30. We created a bullish gap when that news came out. This set a stage for my trade idea for an entry. Why? My bias short term is bearish and I have a bearish target. Disrespect of a gap that was created in the opposite direction of my bias would validate that sells on DXY and buys against would be a good idea to trade. Lower red line is my final confirmation and will activate me looking for buys over on GU to enter.
If you check the economic calendar we had news for GBP @4:30. We created a bullish gap when that news came out. This set a stage for my trade idea for an entry. Why? My bias short term is bearish and I have a bearish target. Disrespect of a gap that was created in the opposite direction of my bias would validate that sells on DXY and buys against would be a good idea to trade. Lower red line is my final confirmation and will activate me looking for buys over on GU to enter.