With a expected Correction to the 105.5116 level. I will be looking for BUYS after this phase waiting for a breakout from a Asymmetrical Triangle with my 107.4696 level being my Key Resistance .
With proof of Price Action History and Volume of Bearish Breakout from the Asymmetrical Triangle . I'm expecting a Retest for Monday with a Bearish Flag Formation to take advantage of the Bearish Momentum to reach the 0.68275 level .
With DXY forming a DB pattern in the higher timeframe, my Zone(major) and Reactance Level(Blue) serving as necklines. I'm therefore looking at more Bullish Momentum with a break of neckline(s) and possible Retest .
With a Ascending Triangle formation , I will be looking at the breakout of my zone for BUYS.
But recent Bearish Momentum still looking strong, breakout of my Red Support will indicate SELLS.
With chart breaking my Primary Zone and my Strongest Support , I will be looking at the current Bearish Momentum to continue. Also might be expecting a formation of a Double Bottom , which will indicate a Trend Continuation/Trend reversal depending on the Price Action. I think the current Bullish Momentum is just temporary and chart movement will be...
With DXY breaking its Highest High . Currently indicating a possible retracement to the 103.7467 level , if that level is broken then to the 103.1968 level , if that level is broken , I shall be expecting a formation of a Rising Wedge coming from the bearish momentum IF continuing. With my Secondary Trend broken, still looking at more Bullish momentum overall.
With the most recent Release of USD Fundamentals hunting my SL's and kicking me out. I see this chart has returned back to it's Downtrend with a break of my 0.71441 level . Following, I'm expecting Bearish momentum to continue to the 0.70295 level then I shall watch for trend Continuation Patterns/Possible Reversals .
Might also be forming a ...
Starting from the Weekly Timeframe , I see that DXY has reached it's highest level(Resistance) with the third touch. Might be expecting reversals, but on the Daily Timeframe I highlighted a Bullish Engulfing from a temporary pullback , With my lower timeframes indicating break of resistance of Trends with a formation an Ascending Triangle . So I'll keep...
