DXY │ 9 - 13 September 2024
- Daily timeframe [long term timeframe]
Swing structure is bullish and we just had a retrace into internal demand and there seems to be a strong reaction from this demand zone.
· Bullish bias
- Four-hour timeframe [medium term timeframe]
The swing structure is bullish and internal is bearish, assuming that the internal is only facilitating for a pullback and we tapped into the demand zone. We have yet to breach the internal high that will indicate that we are reading to resume the swing trend.
· Bullish bias
- 15-minute timeframe [short term timeframe]
I only use the DXY for directional bias on the correlated instruments so I do not look at the lower timeframe when doing a weekly outlook
How do I come to a bias conclusion?
I look at the swing structure; if it is bearish, I conclude a bearish bias [vice versa]
©Austin Palmer for FONOS Fx, 2024.
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