Now that the DXY has shown its hand, I am convinced we are bullish on Gold and bearish on the Dollar (DXY). I believe the draw on liquidity is to the relative equal lows on the DXY's daily chart while Gold has taken sellside and looks to only retrace around equilibrium to go higher to attack the relative equal highs and possibly react the daily FVG gap. I am very...
The DXY did continue to move to the upside today as figured. However, I wouldn't be surprise if we manipulate today's low (Wednesday) just to reach the 1H Bullish Breaker I marked up on my previous post. Tuesday's low is a very important low because price made its true extension from that point leaving inefficiencies and creating the infamous ICT intermediate low...
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...
