DXY Testing Asc. Trendline

Bryce YoungUncategorized

While making a lower lower on a smaller timeframe (most evidently on H1), we are still in an uptrend on higher TFs. Notice that the current action could be forming 1. a breakout of the trendline and a break of structure downward or 2. Rejecting the TL and forming a HL. I’ve highlighted it in green and red to represent the possible interpretations. A break back above 94.2 would be very bullish, however I suspect we will see a bearish continuation past this TL after some struggle.