I've been monitoring the DXY and I've been neutral last time I posted.
I gave the market some time so it could reveal it self and it seems promising.
1. April 10th , market gave us a hammer, which I noticed because it was near my trendline. I waited to see if we would get some bullish action, and we did.
Here's what I'm looking at.
- There's a 61.8 retracement and market bounced exactly at that structure.
- There's also what seem to be an inverted head and shoulder coming so this should be interesting.
My last bullish analysis on the DXY is still valid as the structure low is still valid.
Very interesting week!
Next week I'm looking forward to Bearish XAUUSD , Bullish USDJPY
I'll keep updating this.
I gave the market some time so it could reveal it self and it seems promising.
1. April 10th , market gave us a hammer, which I noticed because it was near my trendline. I waited to see if we would get some bullish action, and we did.
Here's what I'm looking at.
- There's a 61.8 retracement and market bounced exactly at that structure.
- There's also what seem to be an inverted head and shoulder coming so this should be interesting.
My last bullish analysis on the DXY is still valid as the structure low is still valid.
Very interesting week!
Next week I'm looking forward to Bearish XAUUSD , Bullish USDJPY
I'll keep updating this.
Note
Looking to see if it'll make new LowsNote
We had new lows!Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.