(U.S. Dollar Currency Index – DXY), here's a buy setup based on the technical pattern and price levels shown:
📈 U.S. Dollar Index (DXY) Buy Setup
Entry Point:
🔹 Around 96.748
Stop Loss:
🔻 Below 94.400 (safe zone below previous support)
🎯 Take Profit Targets (TPs):
TP1: 99.444
TP2: 103.200
Setup Explanation:
The chart shows a falling wedge pattern, which typically signals a bullish reversal. A breakout from this pattern suggests potential upside momentum. The entry zone is near the wedge’s lower support, giving a good risk-to-reward ratio. Targets are based on prior resistance levels and the measured move projection from the wedge breakout.
📈 U.S. Dollar Index (DXY) Buy Setup
Entry Point:
🔹 Around 96.748
Stop Loss:
🔻 Below 94.400 (safe zone below previous support)
🎯 Take Profit Targets (TPs):
TP1: 99.444
TP2: 103.200
Setup Explanation:
The chart shows a falling wedge pattern, which typically signals a bullish reversal. A breakout from this pattern suggests potential upside momentum. The entry zone is near the wedge’s lower support, giving a good risk-to-reward ratio. Targets are based on prior resistance levels and the measured move projection from the wedge breakout.
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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.