DXY Possible Bullish Flag Resolution (Long)

7 paź

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 paź

Uwaga

A Closer look at 1H TF:

8 paź

Uwaga

The Index has broken the channel and has retested it.

8 paź

Uwaga

closer look at 15 min

9 paź

Uwaga

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

10 paź

Uwaga

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

10 paź

Uwaga

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

12 paź

Uwaga

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 paź

Uwaga

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 paź

Uwaga

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

14 paź

Zlecenie zamknięto ręcznie

Target Reached

15 paź

Transakcja zamknięta: osiągnięto wyznaczony cel

Technical status update: Target reached.