As we've discussed last week we wanted to see IF pa would get to 106.324.
The level got tapped and ran through so let's see how we play out from here.
DXY could keep on going further and induce the thought that ' the dollar has topped'.
Taking into consideration the macro economic state of the world - it would be absurd to assume or make such a claim. We are far from the dollar top - but that does not mean we can not have pullbacks.
IF we confirm a pullback we will have higher stocks, indices and cryptos which would most likely invalidate our previous shared ideas. (this is the reason why we have hard stops which are tighter than usual)
IF we hold the levels within the blue box I would expect us to run it back to the highs and most likely continue higher towards 107.500 as next target.
IF the DXY decides to pullback further we will have to wait for some reaction around 105.500 and 104.880 (worst case scenario)
BE PATIENT, WAIT FOR THE MARKET TO SHOW YOU THE WAY AND ACT UPON IT
NO NEED TO TAKE UNNECESSARY RISKS
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
The level got tapped and ran through so let's see how we play out from here.
DXY could keep on going further and induce the thought that ' the dollar has topped'.
Taking into consideration the macro economic state of the world - it would be absurd to assume or make such a claim. We are far from the dollar top - but that does not mean we can not have pullbacks.
IF we confirm a pullback we will have higher stocks, indices and cryptos which would most likely invalidate our previous shared ideas. (this is the reason why we have hard stops which are tighter than usual)
IF we hold the levels within the blue box I would expect us to run it back to the highs and most likely continue higher towards 107.500 as next target.
IF the DXY decides to pullback further we will have to wait for some reaction around 105.500 and 104.880 (worst case scenario)
BE PATIENT, WAIT FOR THE MARKET TO SHOW YOU THE WAY AND ACT UPON IT
NO NEED TO TAKE UNNECESSARY RISKS
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
