DXY Bullish Idea (April 7th)
Looking for a bullish week on dollar before the red folder news that hits Wednesday. Who knows what will happen even with predictions, lots of variables that can play into that decision and I plan on closing trades before midnight Wednesday.
The Bishop RSI v2 that you see on this chart is not a standard RSI tool, I have made this one around intraday sessions and a fractal moving average formula I have been playing with. It takes 6 time frames into account when filtering its plot line (Daily, 4hr, 1hr, 30min, 15min, 5min) and this has given a really good early reversal indication by using divergence. I execute using the 15 minute chart usually and analyze from the 4 hour and below when using that divergence strategy.
With this analysis in mind, I am looking more toward EUR/USD and XAU/USD for trades this week. Gold looks extended and correction needed in my opinion. Will update on the 10th.
The Bishop RSI v2 that you see on this chart is not a standard RSI tool, I have made this one around intraday sessions and a fractal moving average formula I have been playing with. It takes 6 time frames into account when filtering its plot line (Daily, 4hr, 1hr, 30min, 15min, 5min) and this has given a really good early reversal indication by using divergence. I execute using the 15 minute chart usually and analyze from the 4 hour and below when using that divergence strategy.
With this analysis in mind, I am looking more toward EUR/USD and XAU/USD for trades this week. Gold looks extended and correction needed in my opinion. Will update on the 10th.
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