Day trading strategy for the dollar index correlation

Dollar index trading
in a strong bear price channel and bear price wedge structure. We are inside the range from Friday just
below the PHOD and well above the PLOD. We
can see we’re in the middle of the price wedge and the middle of the range so
we’re not at the highs or the lows which means we can assume price action will
be a little sloppier this morning, especially since there is no major news

Not much has
changed from last week to this morning on a Monday morning with the dollar
index in the price wedge we can expect the price to go from highs of the price
wedge back to the lows of the price wedge so use the dollar index correlation
to our advantage.

We can assume the dollar index will try to move
higher this morning with the heat map at +0.4 and the price wedge lows on the
13range tested and held as support. Then
with the PHOD overhead we can assume price will attempt to test the PHOD and
possibly go higher to the price wedge highs.