DXY Index is Ready to Pump by 🌄Morning Candlestick Pattern🌄
Updated
🏃♂️DXY Index is moving near the 🟢Support zone($104.27-$103.90)🟢, and 200_SMA(Daily) and 100_SMA(Daily), and the lower line of the ascending channel.
💡Also, the Morning Candlestick Pattern is clearly visible.
🌊According to the theory of Elliott waves, it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone.
🔔I expect the DXY Index to rise to at least the Resistance line.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💡Also, the Morning Candlestick Pattern is clearly visible.
🌊According to the theory of Elliott waves, it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone.
🔔I expect the DXY Index to rise to at least the Resistance line.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
The DXY index still has a chance of attacking the Resistance line.
If the 🟢Support zone($104.27-$103.90)🟢, and 200_SMA(Daily), and 100_SMA(Daily) are broken, we should wait for a sharper drop in the DXY Index(probably until the next 🟢support zone🟢).
Note
We should wait for the DXY Index to attack the resistance line. The analysis is still valid.
Trade closed: target reached
Note
DXY was able to break the resistance line; the next target is the Resistance zone.
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