I do believe this will be a long term buy - due to the monthly time frame , as I've got it at a perfect position will be willing to hold it for a number of months depending on what the next months candle closes as but for now going to hold this buy ..
Connected with the DXY all puzzle pieces currently is showing me a long term buy.
As a trader to have DXY & BXY if you trade USD pairs as a - quote or base currency & If you trade GBP and EUR will be great for your arsenal because this will give you a deeper insight on what's going to happen on your currency pairs and also its a great puzzle piece in your trading.
If DXY is weak then for sure pairs such as GBP OR EUR as base currency will be...
couple things going on this chart but I see another 200points+ movement to the upside happening only if it breaks the Monthly high -
Previous monthly candle was bullish but intraday charts showing price is in consolidation so when certain breaks happen such as the monthly high - it will confirm bias to the upside but already have partial profits taken ..
