DXY Trading Journal

DXY Trading Journal

DXY Trading Journal

U.S. Dollar Currency Index TVC:DXY
LParnell

DXY Trading Journal
Nov 24

Price continued it’s bullish run to key buy side stop from Nov 2022 wicking through a weekly SIBI to rebalance. Price broke 50% level on the weekly changing market structure to a Premium.

Parent bias is bullish. Long term idea I suspect that we could see Price continue to rebalance the SIBI.

Price closed on the 50% level. I could see Price come down to take the equal lows at the .618 for Mondays idea. Price could seek the 50% level of 107.099 for the low of the week.

I also suspect that we could see a high resistance week of Price action this week.

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