Alec_Bliss

US Dollar Index:Top Down Analysis

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CAPITALCOM:DXY   US Dollar Index
The body of the candles tell the story, the wicks do the damage!
The circled areas show how the bodies of the candles respected the bullish and bearish order blocks and quickly ran away from these discount and premium PD Array Matrix.

Next possible DXY Moves:
Im expecting the dollar Index to open bearish so as to fill in the fair value gaps it traded and let behind in that impulsive move up.
After filling it in , im expecting the interbank price delivery algorithm to react at Fib Level 62.0 to the upside as this is an area we have a bullish order block where institutional funding took place resulting in the bullish impulsive move up.
I would look to go long here targeting the external range liquidity
Dollar index is bullish this coming week

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Feragatname

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