DXY Outlook 8/6

DXY Outlook - DXY is at a bit of a crossroads. on the HTF we have traded into a monthly FVG and have been reacting bullishly off it in recent price. However we have traded into a bearish weekly OB and daily FVG area. Price broke market structure in last weeks trading so at this point I am anticipating short term bearish action. With the most recent bullish daily OB as a potential target, and the mean threshold of the monthly rejection block as a deep discount target.

A failed 12H BISI FVG was violated late last week. Looking to take early sells from this area if I see something I like.

With CPI on Thursday price action is likely to be slow the majority of the week before energetic liquidity clearing during News.
dollarindexDXYHarmonic PatternsictinnercircletraderTrend Analysis

Let the algo show you its hand.
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