Short

"OFF TO THE MOON AND BACK"

After the last structure shift which has seen price in a one-way direction for the past three months, and also looking at the quaterly shift cast forward logic, price is currently at the maximum of 60days cast forward range which gives us reasons to anticipating a move in the opposite direction. Coupled with the 60 days cast forward factor, price also traded through significant swing points, which one of them is the open float swing point which would be a logical reason to be expecting a retracement in to the created range. Though the overall direction in DXY still holds bullish.

After price poked through the swing low which at first felt like a liquidity sweep, price has failed in it quest to rally through the high, thus respecting a premium PDA (IFVG). Price has tussled inside the array but all attempt to break through keeps seeing price breakdown. With the idea of a retracement at hand we expect to see lower price in DXY reaching for the last 20days low at least.

Prhinze

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