weekly - Price has made a double top at a monthly high
daily - price has had very strong bearish momentum and is now retesting an area that has had really strong rejections often. lots of wicks and bearish rejection candles have formed
DXY - price broke a level and has made rejection candles at that level
Bias: bearish
entry:
4 hour - price has made a large wick at the level and has made a double top
1 hour - the double top looks like a lower high with a slow of momentum and a strong reversal.
15 minute - bearish structure has formed
TP at 1.17 area. partial take profit at 1.1858, I am putting an alert here because it seems like a pretty minor support and if I see any slowing of momentum I will take partial profits and look to scale up with a break and retest of the area.
daily - price has had very strong bearish momentum and is now retesting an area that has had really strong rejections often. lots of wicks and bearish rejection candles have formed
DXY - price broke a level and has made rejection candles at that level
Bias: bearish
entry:
4 hour - price has made a large wick at the level and has made a double top
1 hour - the double top looks like a lower high with a slow of momentum and a strong reversal.
15 minute - bearish structure has formed
TP at 1.17 area. partial take profit at 1.1858, I am putting an alert here because it seems like a pretty minor support and if I see any slowing of momentum I will take partial profits and look to scale up with a break and retest of the area.