DXY, LONG
Updated
overall daily and weekly chart is still bullish with higher highs and higher lows(channel)
price bounced on weekly support trendline, h4 double bottom
broke above my H4 higher low
i see it heading to 97.5
a break above that should mean more bullish to challnge 98 level
and possible break it to complete Daily channel around 98.5, creating higher highs
price bounced on weekly support trendline, h4 double bottom
broke above my H4 higher low
i see it heading to 97.5
a break above that should mean more bullish to challnge 98 level
and possible break it to complete Daily channel around 98.5, creating higher highs
Trade closed: target reached
range square target(97.50) has been breached through
possible retest on 97.50 and head to challenge previous highs
Note
on the weekly chart, closing the week off with a massive bullish engulfing
a fairly promising sign to hit upside targets next week
Note
very nice break and bounce above 97.5 as anticipated last week
A daily close above and i believe we should be safely heading North
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