DXY: what I want to see for AUDUSD, GOLD, EURUSD long !
Updated
Hello guys, I've put ghost candles on the chart to show you what I want to see to support my Gold, EU, AU long setups.
So DXY approached very crucial zone now, there is a current strong level of S/R, a 61.8% Fibonacci level and a daily 50EMA.
Right now the bullish momentum is very strong, so I will wait to see if the confluences I mentioned are strong enough to hold the level.
If I see a daily closure above these confluences, I'll cancel all my XXXUSD setups, because they would be invalidated.
So DXY approached very crucial zone now, there is a current strong level of S/R, a 61.8% Fibonacci level and a daily 50EMA.
Right now the bullish momentum is very strong, so I will wait to see if the confluences I mentioned are strong enough to hold the level.
If I see a daily closure above these confluences, I'll cancel all my XXXUSD setups, because they would be invalidated.
Note
Hey guys, so DXY is doing rly annoying stuff and I suspect that its doing a correction now for a bullish continuation and if that's true, I will shift my bias for all XXXUSD pairs. I will monitor it closely, especially around my reversal level and if it manages to breakthrough it... some good s!@# will happen :D But for now I will be a spectator and i will update if I see a breakout to either of levels :)
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.