DXY (Dollar) - Technical Analysis
Monthly
Last candle tagged monthly -OB above 0.5 range then closed below it & the wick was created on NFP day, so I expect that wick will be the H of November. Looking for P to trade lower. Noting that P opens and has filled half of the last candle wick.
Weekly
Last candle traded weekly FVG & 0.5 old candle wick above 0.5 range then closed as indecisive candle. Expecting either consolidate or reverse PA. P doesn't need to fill last candle wick and it could start trading lower.
Noting that this week is election week & FOMC on Thursday. My recommendation is to avoid trading in this week. So I would just do TA without trading (no H1 chart)
Daily
We have a SFP, then last candle tagged daily -OB then closed below it. However, today P opens and expand a lot. No bias for today. Today has no eco news as well. Best not to trade.
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Abbreviations are explained & pinned in my pinned post.
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