Monthly Bearish Fair Value Gap (FVG) has been tapped, while disregarding the bullish FVG.
Respecting the bearish weekly FVG.
Daily Volume Imbalance has been filled.
Showing respect for both bullish and bearish daily FVG.
Tapped into H4 FVG, situated within a weekly FVG.
H4 displacement to the downside occurred after sweeping the high.
Overall Bias:
Upon thorough analysis of higher time frame charts, the prevailing bias for DXY is bearish, anticipating a downward movement towards the monthly swing low. The recent market structure shift on the H4 timeframe, coupled with upcoming USD CPI and PPI news this week, suggests a potential continuation of the downward trend. If we do start getting H4 close above the recent H4 swing then i would disregard my bearish bias and reconsideration how its all looking.
DXY
Overall Bias:
Upon thorough analysis of higher time frame charts, the prevailing bias for DXY is bearish, anticipating a downward movement towards the monthly swing low. The recent market structure shift on the H4 timeframe, coupled with upcoming USD CPI and PPI news this week, suggests a potential continuation of the downward trend. If we do start getting H4 close above the recent H4 swing then i would disregard my bearish bias and reconsideration how its all looking.