DXY at crucial point

15 Oca 2023

Hello Birdies,

• DXY was in range since 2014 and in doing so create a bullish rectangle pattern.
  
• Which had a breakout in April 2022 now we are about to have a retest of the pattern.
  
• If this is a success and we get a bounce from here it means bearish for indices and crypto.
  

Now if we see it from smart money concept we see that.

• There is a monthly and weekly block above untested
  
• And DXY also created an Inducement which is a term used by ICT to mention that there is a FVG above which will be taken
  
• Means price will revet back to take liquidity so this gives strength to retest
  

17 Oca 2023

Not

So we had a bounce from the area as mentioned in the idea

15 Şub 2023

Not

The perfect bounce

26 May 2023

Not

OMG this is holding and month is closing with an elephant candles

17 Şub 2024

Not

The idea doing its magic... Double bottom in