DXY Possible Bullish Flag Resolution (Long)

7 окт.

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

7 окт.

Заметка

A Closer look at 1H TF:

8 окт.

Заметка

The Index has broken the channel and has retested it.

8 окт.

Заметка

closer look at 15 min

9 окт.

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

10 окт.

Заметка

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

10 окт.

Заметка

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

12 окт.

Заметка

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.").

12 окт.

Заметка

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.

14 окт.

Заметка

The last diamond has reverted the index back into upwards momentum, so as before we are still targeting the same 103.250ish area.

14 окт.

Сделка закрыта вручную

Target Reached

15 окт.

Сделка закрыта: достигнута тейк-профит цена

Technical status update: Target reached.