DXY Possible Bullish Flag Resolution (Long)

7 thg 10

Hi Traders,

Spotted a bullish flag here on DXY 4H. Let's see if this shoots up. On a Weekly the index has broken out of a bullish wedge having a great momentum so far. There's still some room to go higher.

Good luck.

Tony

7 thg 10

Ghi chú

A Closer look at 1H TF:

8 thg 10

Ghi chú

The Index has broken the channel and has retested it.

8 thg 10

Ghi chú

closer look at 15 min

9 thg 10

Ghi chú

The idea is valid, the index is pushing higher in today's session.

10 thg 10

Ghi chú

The index prints bullish within channel being at a lower band at the moment - a correction is possible here

10 thg 10

Ghi chú

There was a fake break out from the 15min bull channel

12 thg 10

Ghi chú

Hi Traders,

As you could spot on the previous snapshot, I have moved my original target for a flag/channel breakout from 103.34ish down to 103.200 as the actual breakout was ~102.500 (see pink "New Target Est.").

12 thg 10

Ghi chú

At the moment DXY sides in the range 102.750 to 103.200 forming two diamonds consecutive or embedded patterns which normally would warn about possible reversal.

14 thg 10

Ghi chú

The last diamond has reverted the index back into upwards momentum, so as before we are still targeting the same 103.250ish area.

14 thg 10

Giao dịch được đóng thủ công

Target Reached

15 thg 10

Đóng lệnh: đạt mục tiêu

Technical status update: Target reached.