Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
ALL EYES ON THE NEXT MOVEMENT OF DXY
As we clearly see price is around a massive support zone, where we will be looking for bullish reversal.
And as we can see price is still from a medium-term perspective bearish trading inside this channel.
However, for the bulls to kick in first we need a break above the marked major swing high.
For the correction to start till the upper falling trendline
Then we will be waiting for a long-term bullish reversal as shown in the picture
Until one of these scenarios happen, we are clearly bearish, and we can still trade lower and lower to break below our support.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!