PTXTrades

DXY 5.16.23 Analysis

Long
TVC:DXY   U.S. Dollar Index
I can see from the daily timeframe the DXY is overall short term bullish. I believe we are retracing back to the weekly FVG which is also in a premium pricing from the weekly prospective. I believe price will return to the 1H bullish breaker annotated on this chart to attack HTF buyside and eventually run into the weekly FVG. I am bullish and only considering buys on USDJPY and USDCHF and only entering shorts on GBPUSD and EURUSD.

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.