DXY LONG IDEA
From a price action point of view, DXY is poised to go higher, we have generated liquidity and I anticipate a run higher.
FOMC volatility news at 1400hrsNY should provide more volume for price to squeeze higher.
I anticipate any trader net short from London from 99.747 should be taken out and a possible final target of at least 99.871 is probable. If price consolidates expect massive expansion higher during the Asian Session.
I'm seeing long opportunities before a reversal.
Inversely correlated pairs such as GBPUSD, and EURUSD should see a push lower until before 1515rsNY.
Theory: Do not fight the FED
Annotations made on the chart
FOMC volatility news at 1400hrsNY should provide more volume for price to squeeze higher.
I anticipate any trader net short from London from 99.747 should be taken out and a possible final target of at least 99.871 is probable. If price consolidates expect massive expansion higher during the Asian Session.
I'm seeing long opportunities before a reversal.
Inversely correlated pairs such as GBPUSD, and EURUSD should see a push lower until before 1515rsNY.
Theory: Do not fight the FED
Annotations made on the chart
Note
smart money traders are long on the impulsive candle,Ordre annulé
made another entry long
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.