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DXY Next bullish move up
U.S. Dollar Index
Long
DXY Next bullish move up
By jojofang0901
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Nov 19, 2020
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Nov 19, 2020
Hello everyone:
Inversely related to EURUSD, DXY is showing me the bullish opportunities from the LTF price action.
After the bullish impulse up, price begin to form this larger corrective structure.
We see price is very corrective within this larger structure, and finally seeing some reversal price action.
Either we get a double bottom by price correcting itself down and then the bullish push up,
or
we see price breaks out from the current descending channel, and look for LTF continuations up.
Thank you
Chart Patterns
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Parallel Channel
pattern
priceaction
structure
jojofang0901
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