Above IDEA posted on Feb 17th with LONG bias, at the time we posted we were in a LONG SWING with +235 PIPS, now capitalising +600 PIPS , it was all right in front of your Sight! But ignored. > Just do a play on the IDEA to see the price action.
Now, we are heading to a Supply Zone, what next ? Wait for the next IDEA.
DXY no break above 104,5 and it's only going lower, good. I love it. the US bubble is popping hard. just look at US indices performance Vs; gold and even more so and relating to - the developing markets, including EU, I mean lmao even eu who's left holding the Ukraine bag is outperforming US, by the end of the decade maybe dxy will be at 80s
DXY Ten days ago, I shared my thoughts on DXY, and nothing has changed since then. I see many people in XAUUSD wondering when gold will cool off or at least enter a new accumulation phase on higher timeframes. As shown here, the dollar is still retracing within a bullish active range. The key area of interest, based on my understanding, is the 10[2-1].xxx zone. Given this, I don’t expect anything different from what we've seen with gold since the beginning of the year. So, bears—hang in there a little longer.
DXYEURUSD news like this one that just dropped: "EU plans concessions for Trump after reciprocal tariffs hit." Is always a market mover, that being said if you plan properly and execute despite the noise that's how you make rational decisions. Right now we're at a turning point. Either DXY holds and we have good chances to go to new highs, or it breaks and goes lower, then weekly pivot (103.46) is likely the next target.
Zoom out if you're on a very low timeframe to see the bigger picture. Good luck traders