This is what I am seeing on my DXY analysis although I can only show the lower timeframe picture. I did a thorough top down analysis and the bulls are showing strength.
The demand zone that broke the neckline of this double bottom pattern is a critical zone at the moment and for as long as it holds that will provide us with more confidence to long the dollar. For extra confluence and more conservative entries you may also use a break of H1 supply.
Apply correlation to Gold and other major pairs and use good risk management.
All the best!
The demand zone that broke the neckline of this double bottom pattern is a critical zone at the moment and for as long as it holds that will provide us with more confidence to long the dollar. For extra confluence and more conservative entries you may also use a break of H1 supply.
Apply correlation to Gold and other major pairs and use good risk management.
All the best!