Price is now reacting off this 4H decisional supply after LQD of BSL(EQHs) and mitigate the low of the previous daily range. The reaction from the supply is quite nice.
By incorporating the intermarket analysis of DXY, I can make a better judgement about when to get involve. Here is how: If I'm looking for Long in AU while DXY is showing bearish bias, this is a confluence, and the trade Long in AU will more likely to play out. If DXY shows a contradiction, it wants to go lower while AU is showing me short, I will be more careful to the short trade.
By incorporating the intermarket analysis of DXY, I can make a better judgement about when to get involve. Here is how: If I'm looking for Long in AU while DXY is showing bearish bias, this is a confluence, and the trade Long in AU will more likely to play out. If DXY shows a contradiction, it wants to go lower while AU is showing me short, I will be more careful to the short trade.