DXY will continue to FALL into Discounted Demand Zone...?
Updated
DXY Yo Family I hope everyone is in gr8 spirits as we are in the middle of this trading week. I have a prediction on the Dollar that will continue bearish here's why....
1) On the 4Hr TF buyers created a 4Hr demand zone that ranged from ($105.910 to $105.770) where they tried to push price back up aggressively attacking the last market HIGH ($106.517) however were unsuccessful on multiple attempts, therefor causing sellers to develop the stronger hand and the demand zone failed as sellers pushed price lower....
2) Let's go down to the 1Hr TF and observe how Buyers tried to push price back up in a desperate attempt to recover, however were denied and it turned out to be just a simple retest of the failed Demand Zone and then sellers continued to drop pricing lower with confirmed candle closures underneath the 4Hr Swing CHoCh ($105.740)...
3) Now let's zoom back out to the 4Hr TF and we can clearly see that there is Major Imbalance in the market that we need Sellers to step in and create Fair Value... The Market is made up of both Sellers and Buyers and there has to be even fair play...WE can clearly how the buyers have been able to create endless amounts of opportunity for themselves creating Market imbalance now it's time for sellers to come in and balance everything out....
4) Now I can see the Dollar dropping down to potentially ($105.360) and maybe even lower... This is based off the the 4Hr Pivot zone I have drawn out where Buyers Left major Imbalance that sellers may by attracted towards...
Remember when it comes to FRM (Financial Risk Management) our Job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!!
Stay Focused & Reach Excellence!!
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Buyers are pushing the Dollar Back up into Potentially this unmitigated 1Hr Supply zone....Lets see what happens!
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-Real Members , Real Motion. #500K
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