DXY 4H - BUY THE BOUNCE

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DXY 4H - BUY THE BOUNCE U.S. Dollar Currency IndexTVC:DXYThe_Laid_Back_TraderDXY 4H Trendline Continuation Setup DXY has reacted strongly from the rising four-hour trendline, which has continued to act as support throughout the wider bullish structure. The reaction also occurred around the 61.8% Fibonacci retracement level, adding further confluence to the setup. This is primarily a trendline bounce and continuation idea. As long as price continues to hold above the trendline and the latest structural low remains intact, I am looking for bullish momentum to resume and price to continue towards the previous highs. Key confirmations: • Established bullish four-hour structure • Clear reaction from the rising trendline • 61.8% Fibonacci retracement respected • Previous structural low remains intact • Bullish continuation towards the recent highs The setup would be invalidated by a decisive four-hour close below the trendline and the relevant structural support.