4/7/24 DXY analysis (continued) PT.2
Now looking at the daily timeframe I have marked out levels of support as well as areas that further support a bullish bias. Let's go over them.
- The grey boxes are daily bullish FVG that have been respected.
- The first respect was on 3/21/24 and we saw a bounce in price to take out the daily FVG stop marked on the chart.
- The price move that took out the FVG stop created a bullish FVG that was respected on 3/26/24. This bounce took us to a new high.
- NFP news sent us lower again into that same Bullish FVG and we swept a weekly low
*Weekly lows/ highs are important liquidity points.
- We swept the weekly low BUT it was respected because of the bullish FVG.
- This is further reason to continue to look for bullish scenarios for DXY.
- Blue line is my personal target for DXY buys.
- We also have a double top marked by two red arrows. This can be used as kind of a first target for buys. Once these highs are reached im looking for buys to accelerate.
***THIS IS NOT FINANCIAL ADVISE***
That being said im looking for a bullish DXY
- The grey boxes are daily bullish FVG that have been respected.
- The first respect was on 3/21/24 and we saw a bounce in price to take out the daily FVG stop marked on the chart.
- The price move that took out the FVG stop created a bullish FVG that was respected on 3/26/24. This bounce took us to a new high.
- NFP news sent us lower again into that same Bullish FVG and we swept a weekly low
*Weekly lows/ highs are important liquidity points.
- We swept the weekly low BUT it was respected because of the bullish FVG.
- This is further reason to continue to look for bullish scenarios for DXY.
- Blue line is my personal target for DXY buys.
- We also have a double top marked by two red arrows. This can be used as kind of a first target for buys. Once these highs are reached im looking for buys to accelerate.
***THIS IS NOT FINANCIAL ADVISE***
That being said im looking for a bullish DXY
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.