DXY Analysis - Weekly Timeframe (ICT)

How convenient it was to stop right at the descending trendline for the week. In my eyes, this is giving time for traders to formulate their "predictions" on where DXY is going to go. I expect some funny business to happen to shake out any support & resistance, as well as breakout traders, culminating with an explosive movement to the upside.

I really like the Weekly Bearish Breaker Block residing above as a point of interest for trades, which may take a while to get there. I will also be observing how price moves towards that area, if it even does.

Next week, keep your guard up. Don't take the bait. Wait for the sheep to get slaughtered, and once you see that already come to past on the charts, that is the time to strike.

Yorum:

On course.