The DXY has retreaced almost everything of first long movement but not alla 100% of it.
This situation can be compatible with a 2W very deep with a very good wedge pattern.
Other information usefull is momentum bull divergence very clear
From my point of wiev there is all condition (also by economical side .. see US10Y bull and inflaction) to see a new long leg.
When there will be .. I don't no!! but if in meantime DXY go down 89,2 all this reasoning is wrong.
I will take position at break of max of yesterday candel or at bottom (89,2)
Probably in the next day we will have the solution ...
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This is my real operativity and I posted only for educational scope .
If you like my analysis, click on like button
If you have comment posted below for open discussion
This situation can be compatible with a 2W very deep with a very good wedge pattern.
Other information usefull is momentum bull divergence very clear
From my point of wiev there is all condition (also by economical side .. see US10Y bull and inflaction) to see a new long leg.
When there will be .. I don't no!! but if in meantime DXY go down 89,2 all this reasoning is wrong.
I will take position at break of max of yesterday candel or at bottom (89,2)
Probably in the next day we will have the solution ...
- Bull with break of wedge with strong 3°wave and target to 95 area
- Bearish with break of 89,2 with target on 87 area.
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This is my real operativity and I posted only for educational scope .
If you like my analysis, click on like button
If you have comment posted below for open discussion
Trade closed: target reached
close T1 .. and probably long continuationTrade closed: target reached
t2 closeTrade closed: target reached
t3 closeNote
pull back on goingTrade closed manually
possible rebound to support area 91.2Trade closed: target reached
T4 a T5 close
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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.