DOLLAR INDEX SHORT-TERM BUY (5TH FEBRUARY 2023)
This is the dollar Index. There was distribution and the market broke to the downside. The market has just cleared liquidity from an old low and headed upwards breaking structure to the upside. Does this mean we have changed sentiment? NO! It only means the dollar is retracing back to collect internal liquidity before expanding lower again.
Always remember the market pattern that never changes;
Consolidation - Expansion - Retracement - Expansion or Reversal.
we are at the retracement level with the dollar index.
Be wise with all the dollar pairs. The dollar is still weak fundamentally. so its a pull back.
Always remember the market pattern that never changes;
Consolidation - Expansion - Retracement - Expansion or Reversal.
we are at the retracement level with the dollar index.
Be wise with all the dollar pairs. The dollar is still weak fundamentally. so its a pull back.