đââïžThe DXY index has been moving in a Descending channel for a month.
đAccording to Elliott's theory, it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the đąSupport zone($103.78_$102.93)đą.
đĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
đĄI expect the DXY index to move towards the upper line of the descending channel and in the first step, we have to wait for the middle line of the descending channel to be broken (the middle line has already played the role of support and resistance).
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frameâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
đAccording to Elliott's theory, it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the đąSupport zone($103.78_$102.93)đą.
đĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
đĄI expect the DXY index to move towards the upper line of the descending channel and in the first step, we have to wait for the middle line of the descending channel to be broken (the middle line has already played the role of support and resistance).
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frameâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
Handel aktiv
Kommentera:
Running well, we have to wait to react to the upper line of the Descending channel.
Trade stÀngt: mÄlet nÄtt
Kommentera:
If the DXY can break the Upper line of the descending channel, we can expect the DXY to rise to the resistance zone.
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