The DXY has created a double bottom forming a W patten, followed by creating a new Bull flag over the past 2 days.
A break out of the bull flag could see a rally breaking high levels from 2022 at 110.
If a rally to these levels does occur we will need to see bullish out announcements regarding the news over the weekend such as, Average Hourly Earnings m/m,...
We have FOMC with a 90% Probability of interest rate cuts on the 18/12/24.
A lot of money is waiting on the side line, we are expecting a small fake out, then on the rate cut decision we will see a huge buying pressure.
Low target is 0.60
High target is $1
Right now would be a great entry with a potential 136% gain within the next 5 days.
LET GO ALGO!!
