DXY is Bullish on HTF
Another fantastic example of what i was trying to explain on EU weekly trade review.
Now some might be wondering why EU surpassed an internal LH that was protected and DXY won't. Well my theory is simply, DXY is still forming internal structure as it has not taken any swing structure out so it would make more sense for DXY to respect strong, protected internal structure. The POI is a valid POI> lead to BOS, has IMB, On extreme discount and has swept and left liquidity.
Following the previous week, DXY has tapped into our MTF-POI, at this point we are waiting to see how the price will behave, either induce last low formed and results into a CH, then we will look for the same entry requirement as our trading plan.
Another fantastic example of what i was trying to explain on EU weekly trade review.
Now some might be wondering why EU surpassed an internal LH that was protected and DXY won't. Well my theory is simply, DXY is still forming internal structure as it has not taken any swing structure out so it would make more sense for DXY to respect strong, protected internal structure. The POI is a valid POI> lead to BOS, has IMB, On extreme discount and has swept and left liquidity.
Following the previous week, DXY has tapped into our MTF-POI, at this point we are waiting to see how the price will behave, either induce last low formed and results into a CH, then we will look for the same entry requirement as our trading plan.