The dollar has broken significant structure to the downside, leaving a clean, unmitigated daily supply zone with an imbalance that adds validity to this point of interest. Once price reaches this level, I'll likely refine the zone and wait for a CHOCH on the lower timeframe.
If price moves down first, I’ll watch for it to enter the newly created 3-hour demand zone, which swept previous higher-timeframe structure. This could propel the dollar up to the supply zone.
Confluences for DXY Shorts:
Strong bearish momentum on the higher timeframe, breaking previous structure.
Significant liquidity to the downside.
A solid daily supply zone caused this move, with an imbalance below.
This pro-trend trade aligns with my other pairs.
P.S. I expect Monday to start slow, with consolidation before either zone is mitigated. We'll make our move from there.
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