DXY has broken the local double top and penetrated the area of interest, as well as making a structural higher high close on the 3D chart. We have also seen DXY seasonal strength start to kick in right where expected from the previous idea.
We must respect the notion that a double bottom scenario may be confirmed here, as well entering back into the larger channel shown in the previous idea.
PRZ is set in at 95.5 - 96.6, around the 1.618 extension completing D.
We must respect the notion that a double bottom scenario may be confirmed here, as well entering back into the larger channel shown in the previous idea.
PRZ is set in at 95.5 - 96.6, around the 1.618 extension completing D.
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1D view:
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Very interesting price action, exactly where we wanted to see it, at resistance. Something could be brewing here.
