Senarios :
1/ Break and re-test KL H4
2/ Come to POI
I suspect the firtst cases than 2nd case but we still need the confirmation more.
Btw, Everyone wait more confirmation from candles pattern when DXY are too strong movement like this.
Overbought case and drop can be happened.
Risk management always need for the case like this. ( I prefer to trade when market change trend than this one, even new small trend)
For low timeframe from M5-M1, no problem about big picture to trade. Just follow market structure on those timeframes are OK.
1/ Break and re-test KL H4
2/ Come to POI
I suspect the firtst cases than 2nd case but we still need the confirmation more.
Btw, Everyone wait more confirmation from candles pattern when DXY are too strong movement like this.
Overbought case and drop can be happened.
Risk management always need for the case like this. ( I prefer to trade when market change trend than this one, even new small trend)
For low timeframe from M5-M1, no problem about big picture to trade. Just follow market structure on those timeframes are OK.
Jayce Pham - Founder & CEO of NCI Trading system