This is a continuation of the larger TF US Dollar I published. Even though the concepts remain the same in price mechanisms, price action is multifaceted and hard to explain in a chart frame or two. Along with the component of price mechanisms is the component of how we view price and how we respond to it. How we respond to price action should always be rule based. This brings me back to using a consistent approach of viewing price in swings and placing the swings moves in logical order so we trade on D - as in the larger TF US Dollar. If the trade fails, it is not necessarily the fault of the set up but understanding that all rule based systems will encounter failures with their wins. We can only hope the wins outstrip the losses. Im going to try and post one more chart on the US Dollar that goes hand in hand with swings and supply and demand - it will be momentum and when does the momentum turn.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.