Apparently, bright days are ahead of DXY
DXY has underwent a reversal:
1- A clean inverted head and shoulders
2- A dropping wedge break high (Which is a reversal at the end of the bearish move)
3- Break and retest of the inverted head and shoulders and the wedge simultaneously
4- Ichimoku cloud broken high as well, indicating the shifting trend bias
Expect the target area as marked on the chart either by the end of this year or whenever FED announces rate cuts.
Best of luck and happy trading!
1- A clean inverted head and shoulders
2- A dropping wedge break high (Which is a reversal at the end of the bearish move)
3- Break and retest of the inverted head and shoulders and the wedge simultaneously
4- Ichimoku cloud broken high as well, indicating the shifting trend bias
Expect the target area as marked on the chart either by the end of this year or whenever FED announces rate cuts.
Best of luck and happy trading!
Note
31rst August daily candle closed a green engulfing. Expect further rise in the coming days!Trade closed: target reached
it has almost reached the target area, bets are soon to be off on USD. Thank you for following!
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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.
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.