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U.S. Dollar Index
Short

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

By MichaelFX_ICT
Updated
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.
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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.
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idea unrealized
breakbreakoutdollardollarindexDXYFibonaccireversalpatternshortstructureSupply and DemandTrend AnalysisUSD
MichaelFX_ICT
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