DXY - Long term asc trend-line support broken + retested...
- DXY looks to have retested its long term ascending trend-line after breaking through it late last week/early this week
- 4H candle looking to be forming a pin-bar off this trend-line as it is now acting as resistance
- I expect price to drop from here
- If price were to rise back above this trend-line we could see a resumption of the previous bullish trend
- If price were to maintain below this level we could see bearish momentum carry it lower
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- 4H candle looking to be forming a pin-bar off this trend-line as it is now acting as resistance
- I expect price to drop from here
- If price were to rise back above this trend-line we could see a resumption of the previous bullish trend
- If price were to maintain below this level we could see bearish momentum carry it lower
THIS IS NOT TRADE ADVICE NOR A TRADE CALL