Trading opportunity for DXY (2016-07-03)

DXY broke out of the bearish channel at Brexit. From elliott wave analysis, the large correction which lasts for more than one year might have finished.

Now it is retesting the channel support. It is a good opportunity to buy it when coming to 94.8~95.3 supply zone with SL at 94.5
TP1: 96.7
TP2: 98.3
TP3: 100.2

If it breaks 96.7, it will confirm a double bottom pattern. If you are a conservative trader, buy when it breaks out of 96.7.

Good luck for everyone!

Handel aktiv:

Nice break up!

Kommentera:

Nice progress. I am waiting for the break out of 96.7.

Kommentera:

Nice! Resistance at 96.7 was broken up.

Kommentera:

TP2 was hit!