-Surveying DXY on 1 Hourly (tf) and it's series of Higher Lows. Breaking the Structure of recent previous x2Top and Resistance Trendline would nullify the 1H* Downtrend (Rounding Top) in terms of Price Action, with DXY heading Higher. A-B-C correction would Break Structure of Uptrend on more broader picture (higher tf)
TRADE SAFE *** Note that this is not Financial Advice ! Please consult your own Financial Advisor and do your own Research before partaking on any Trading Activity based upon this Idea
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DXY completing Wave A at a key S/R area & level 1 of Fibb' Looking for a relief bounce of wave B before heading lower.
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Raised Concerns from this sharp impulsive drop from DXY. 30mins left until candlestick body close Changing Charachter from the previous HL printed in Doji inside ket S/R area & breaking the Fibb 1Level. Looking for a Bounce here with a decent support at 200EMA as well. (B) -Wave relief bounce
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