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DXY Possible Bullish Flag Resolution (Long)

업데이트됨

Hi Traders,

Spotted a bullish flag here on DXY 4H. Let's see if this shoots up. On a Weekly the index has broken out of a bullish wedge having a great momentum so far. There's still some room to go higher.

Good luck.

Tony

노트

A Closer look at 1H TF:

노트

The Index has broken the channel and has retested it.

노트

closer look at 15 min

노트

The idea is valid, the index is pushing higher in today's session.

노트

The index prints bullish within channel being at a lower band at the moment - a correction is possible here

노트

There was a fake break out from the 15min bull channel

노트

Hi Traders,

As you could spot on the previous snapshot, I have moved my original target for a flag/channel breakout from 103.34ish down to 103.200 as the actual breakout was ~102.500 (see pink "New Target Est.").

노트

At the moment DXY sides in the range 102.750 to 103.200 forming two diamonds consecutive or embedded patterns which normally would warn about possible reversal.