As you see in the 4H time frame, after an uptrend, price has made a symmetrical triangle which can be broken to both sides.
The pattern was broken to the downside and price has been fixed below it. Currently, price is approaching to the support level around 103.850 which has pushed the price to the upside in the past.
If price breaks this support level and closes a bearish 4H candle below this level, we can expect a drop on DXY towards the next support levels.
The pattern was broken to the downside and price has been fixed below it. Currently, price is approaching to the support level around 103.850 which has pushed the price to the upside in the past.
If price breaks this support level and closes a bearish 4H candle below this level, we can expect a drop on DXY towards the next support levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.