As you can see on the chart, I am bullish on DXY. If you look at it from a technical perspective, you can see that after the accumulation schematic was complete, the dollar started gaining value. Price now needs to enter the markup phase. Looking at the current structure, price has formed a new trading range while breaking the high/structure to the left. A sharp reaction from that zone is a good sign. If the 4H candle closes bullish like this, it could be a strong indicator of bullish momentum building. Let's see. Overall, a pretty straightforward read.
Blessings, T
Blessings, T
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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.