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MichaelL200

Dollar Currency Index (DXY), 4-Hour, Supply reaction

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Valutaindex för U.S. dollar (TVC:DXY)  
MichaelL200 Uppdaterad   
TVC:DXY   Valutaindex för U.S. dollar
Trend Analysis Supply and Demand Fibonacci DXY dollar USD dollarindex structure break breakout short reversalpattern
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trendanalysis supplyanddemand fibonacci dxy dollar usd dollarindex structure break breakout short reversalpattern
I think there is a probability of a correction in the dollar index. We can notice a false breakout of the trend line and price reactions to the supply zones. It is not a perfect reversal or correction pattern (because there is no higher high), but we can expect it is a break of the structure (because of a supply reaction). Anyway, we should be careful on the nearest uptrend line and look carefully at the construction. Don't expect far TP as we have an overall uptrend.
Kommentera:
Be careful on Monday.
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New higher high.
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We have a perfect potential reversal or correction pattern now. The first red Heikin-Ashi candle may be a great idea for shorting USD.
Kommentera:
idea unrealized
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