Dollar Index (DXY): Price Action Analysis & Bearish Outlook 💵
Updated
https://www.tradingview.com/x/ROh0hbMI/
Dollar Index formed 2 bearish patterns:
First, the price started to trade within a rising wedge pattern,
Then, a cup and handle formation was formed within its boundaries.
With a single 4H candle, the price violated both the neckline of the pattern
and a support line of the wedge.
I expect a bearish continuation to 105.45 now
❤️Please, support my work with like, thank you!❤️
Dollar Index formed 2 bearish patterns:
First, the price started to trade within a rising wedge pattern,
Then, a cup and handle formation was formed within its boundaries.
With a single 4H candle, the price violated both the neckline of the pattern
and a support line of the wedge.
I expect a bearish continuation to 105.45 now
❤️Please, support my work with like, thank you!❤️
Trade closed: target reached
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