DXY Possible Bullish Flag Resolution (Long)

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

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A Closer look at 1H TF:

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The Index has broken the channel and has retested it.

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closer look at 15 min

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

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

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

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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.").

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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.