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 DXY , what's next!
As we can see price is still around our massive support zone, where we will be looking for new bullish reversal.
However, price is still overall bearish trading inside this channel, making clean lower lows and lower highs.
For the bulls to kick in from a medium-term perspective we need a break above our major swing high marked on the chart.
And from a long term perspective we need a break above our upper neckline, which is a major swing high from higher time frame.
Until that price is still overall bearish and price can still trade lower before reversal.
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!
If you like the idea, do not forget to support with a like and follow.
All eyes on DXY , what's next!
As we can see price is still around our massive support zone, where we will be looking for new bullish reversal.
However, price is still overall bearish trading inside this channel, making clean lower lows and lower highs.
For the bulls to kick in from a medium-term perspective we need a break above our major swing high marked on the chart.
And from a long term perspective we need a break above our upper neckline, which is a major swing high from higher time frame.
Until that price is still overall bearish and price can still trade lower before reversal.
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!