DXY T0 100- Report Of The Dollar's demise are much exaggerated
I use the action reaction method of TA devised by Dr Alan Andrews cf The Andrews Pitchfork
I prefer to chart higher timeframes
I use my charts to formulate my worldview, not vice versa
The world is bearish on the dollar right now due to 'inflation' and 'money printing'.
The dollar chart is bullish
Method:
Two Andrews pitchforks off four consective pivots
These show a clear reversal
Price action is consolidation at the junction of these perpendicular pitchforks
I have applied a fibonacci retracement
All roads lead to DXY 100
A fast move, which i expect, to this level: will have huge implications
GRI 2022
NOT TRADING ADVICE
Below i will deconstruct the chart
I prefer to chart higher timeframes
I use my charts to formulate my worldview, not vice versa
The world is bearish on the dollar right now due to 'inflation' and 'money printing'.
The dollar chart is bullish
Method:
Two Andrews pitchforks off four consective pivots
These show a clear reversal
Price action is consolidation at the junction of these perpendicular pitchforks
I have applied a fibonacci retracement
All roads lead to DXY 100
A fast move, which i expect, to this level: will have huge implications
GRI 2022
NOT TRADING ADVICE
Below i will deconstruct the chart
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