Market insights 101
As anticipated, The DXY made a move above our trend line taking liquidity with it also. Price didn't make this move as soon as we expected that's why it is good to remain liquid, adapting to current market conditions and not forcing price to move as you wish. However we did have a bias and price ended up respecting just that. Price took out liquidity in the market and from here we can expect price to move in its intended direction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.