DXY broke out of the bearish channel at Brexit. From elliott wave analysis, the large correction which lasts for more than one year might have finished.
Now it is retesting the channel support. It is a good opportunity to buy it when coming to 94.8~95.3 supply zone with SL at 94.5
TP1: 96.7
TP2: 98.3
TP3: 100.2
If it breaks 96.7, it will confirm a double bottom pattern. If you are a conservative trader, buy when it breaks out of 96.7.
Good luck for everyone!
Now it is retesting the channel support. It is a good opportunity to buy it when coming to 94.8~95.3 supply zone with SL at 94.5
TP1: 96.7
TP2: 98.3
TP3: 100.2
If it breaks 96.7, it will confirm a double bottom pattern. If you are a conservative trader, buy when it breaks out of 96.7.
Good luck for everyone!
Trade active
Nice break up!Note
Nice progress. I am waiting for the break out of 96.7.Note
Nice! Resistance at 96.7 was broken up.Note
TP2 was hit!
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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.
Related publications
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.