DXY - 4H - possible fractal repetition.

26 окт. 2020 г.

Not a financial advisor.

Currently looking at the DXY, seems that a possible pattern is being formed on the 4h.
If this Cup and Handle is successful, we can see DXY reaching the top of the channel...

26 окт. 2020 г.

Заметка

Last 4h candle closed above the neckline...
I was expecting a stronger break...as long as there is no fakeout the top of the channel would remain the target.

26 окт. 2020 г.

Заметка

This breakout does not look successful.
This fake out would mean a retest of the channel support line or the middle of the channel.

27 окт. 2020 г.

Заметка

Knock Knock....

27 окт. 2020 г.

Заметка

I would say, below 92.7 the pattern is no longer valid.
Even higher lows trendline in yellow seems to have been broken.
Awaiting for DXY to decide itself! :)

27 окт. 2020 г.

Заметка

Candle close above the yellow trendline maintaining the possibility of an uptrend and the pattern remain possible to be completed.

27 окт. 2020 г.

Заметка

I would have to consider this more an ascending triangle than a Cup and Handle!

28 окт. 2020 г.

Заметка

Playing as expected:

28 окт. 2020 г.

Сделка закрыта: достигнута тейк-профит цена

Reaching target... Trade closed!!

It is important to know IF downslopping resistance is broken ...
A BIG move can come for DXY!

28 окт. 2020 г.

Заметка

28 окт. 2020 г.

Сделка закрыта: достигнута тейк-профит цена