DXY PARABOLIC SETUP Update
- DXY is currently trading at 107.4
- DXY has made a lot of USD-denominated pairs bleed and they are still getting slaughtered
- DXY is currently at a point where there's a lot of limit sell stops above the buy side liquidity
- Once the orders are consumed we might see another round of Impulse up to the marked displacement of 110-111$
- DXY pumping along with the Equity market, Crypto isn't a good sign there's a negative smart money divergence laying that's trapping and sucking liquidity from retail suckers.
- Sit at the sidelines and keep locking in gains until you see DXY flipping its structure to bearish
- Retail pattern traders might get flushed when they call this a double bottom.
- DXY has made a lot of USD-denominated pairs bleed and they are still getting slaughtered
- DXY is currently at a point where there's a lot of limit sell stops above the buy side liquidity
- Once the orders are consumed we might see another round of Impulse up to the marked displacement of 110-111$
- DXY pumping along with the Equity market, Crypto isn't a good sign there's a negative smart money divergence laying that's trapping and sucking liquidity from retail suckers.
- Sit at the sidelines and keep locking in gains until you see DXY flipping its structure to bearish
- Retail pattern traders might get flushed when they call this a double bottom.
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