See picture for analysis.
-DXY had long-term weak fundamentals + Technicals which will be bullish for CHF and other currencies.
-Price broke downward trend line
-Price removed opposing pivto supply zones structure
-Demand created
Options:
1) possible buy back into 1hr demand
2) Wait for price to reutn the wait for lower-timeframe confirmation buy setups.
-DXY had long-term weak fundamentals + Technicals which will be bullish for CHF and other currencies.
-Price broke downward trend line
-Price removed opposing pivto supply zones structure
-Demand created
Options:
1) possible buy back into 1hr demand
2) Wait for price to reutn the wait for lower-timeframe confirmation buy setups.
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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.
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.