When can the DXY index break the Descending Channel❗️❓
Updated
The DXY index has been moving in the descending channel for more than 1 month.📆
DXY seems to have formed the Double Three Correction structure(WXY) in the middle of the descending channel during the last two weeks.
I expect the end of wave Y to finish near the middle line of the descending channel and the🟢support zone($ 101.3-$ 100.82)🟢, and again DXY will attack the upper line of the descending channel for the 5️⃣fifth time5️⃣ and break the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-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 be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY seems to have formed the Double Three Correction structure(WXY) in the middle of the descending channel during the last two weeks.
I expect the end of wave Y to finish near the middle line of the descending channel and the🟢support zone($ 101.3-$ 100.82)🟢, and again DXY will attack the upper line of the descending channel for the 5️⃣fifth time5️⃣ and break the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-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 be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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Note
DXY is trying to break the descending channel.Note
DXY was able to break the descending channel.Note
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