RETRACEMENT TRADE AFTER BREAKOUT OF A WEDGE
Here we can see the USD breaking out of a falling wedge, followed by a retracement to the 50% fib level. We can see a similar story with the DXY, both charts lining up together giving us a higher probability.
Trade closed: stop reached
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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.