DXY has possible short term buy setup

The appearance of an impulse wave breaking the bearish downtrend could setup a possible short term buy as it pushes toward the upper channel line. Check on lower time frames for bullish signal. Trade carefully.

Kommentera:

I apologize the red short tag should be long green tag in the title.

Kommentera:

Trade going as planned... here is an update on a lower time frame

Kommentera:

Originally idea was that DXY would impulse up to the upper channel line from bottom channel line, but the pair rallied shortly, and then retested the bottom channel line, therefore, altering my original idea. I now expect an impulse up from the bottom channel line. A buy setup is possible as the daily candle has not closed at the time of this posting. Trade carefully.