Now looking at the daily timeframe I have marked out levels of support as well as areas that further support a bullish bias. Let's go over them.
- The grey boxes are daily bullish FVG that have been respected. - The first respect was on 3/21/24 and we saw a bounce in price to take out the daily FVG stop marked on the chart. - The price move that took out the FVG stop created a bullish FVG that was respected on 3/26/24. This bounce took us to a new high. - NFP news sent us lower again into that same Bullish FVG and we swept a weekly low *Weekly lows/ highs are important liquidity points. - We swept the weekly low BUT it was respected because of the bullish FVG. - This is further reason to continue to look for bullish scenarios for DXY. - Blue line is my personal target for DXY buys. - We also have a double top marked by two red arrows. This can be used as kind of a first target for buys. Once these highs are reached im looking for buys to accelerate.
***THIS IS NOT FINANCIAL ADVISE*** That being said im looking for a bullish DXY