Bullish DXY Setup: Riding the Fib Wave and Intraday Momentum
Updated
Hello traders! Exciting times ahead as we explore a potential bullish setup on the U.S. Dollar Index (DXY). Here's the scoop:
Key Highlights:
Key Highlights:
- HTF Fibonacci Levels: DXY is currently hovering around the 61.8% Fibonacci retracement on the higher time frame (HTF), indicating a potential area of support.
- Intraday Bullish Momentum: Zooming into the intraday (LTF) price action, there's a noticeable surge in bullish momentum, adding an extra layer of optimism.
Order cancelled
LTF support was weak and did not hold. New week, new plan.. Stay tuned
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