Might be a sign of a reversal accumulation
As we can see, we might be witnessing a failed swing high on the higher timeframe. The only way this will be confirmed is if we break daily/ weekly strurctural lows and continue to fall. DXY seems bullish for the moment
Note
Structure will be seen better on the daily chartNote
Nice drop heading to structural higher lows
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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.