On this 4H Chart TMF has rallied in the past week about 9% as the reports of the impetus of

inflation has diminished. On the zero-lag MACD, the lines are staying above the histogram

which has not converted from negative to positive. The dual time frame RSI showing

low 1 hour TF in blue and daily TF in black has the lower crossing over the higher both

at the lows on July 10th and now both over 50 with the low 1 hour TF still above the higher

daily TF. This confirms bullish momentum. Price is on a VWAP breakout ascending from

the support of the 2nd negative mean anchored VWAP to above the mean anchored VWAP with

a retest as well. Price is now above the POC line of the volume profile demonstrative

the dominance of buying pressure over selling pressure. On the ADX indicator, a positive trend

is rising while down trend is dropping proportionately with the intersection and cross occurring

on July 12. Positive ADX is staying above 20.

Overall I see this as an excellent setup for a long swing trade targeting 8.05 in the area of

the values of the highs of June. A higher target would be about 8.3 where there were some

recent pivots If the fed does an about-face and pauses rate hikes, a significant rally could

ensue.
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