Hello everyone this is my idea for DXY on daily time frame ..
We might have a possible breakout … Only if our conditions are met …
So far price closed above black line which is strong resistance .. and price showed this resistance to be support after retest .. we could retest this line again
But what I wanna see is three important things .. for a good breakout to reach our target
First .. Price could trade between red line and green line .. while reaching our target meaning no daily candle close below green line
Second good hint in the RSI indicator I wanna see Green line hold as a support divergence ..
Third Price show a good rejection if came back to retest black line ..
for any question feel free to ask and good luck :)
We might have a possible breakout … Only if our conditions are met …
So far price closed above black line which is strong resistance .. and price showed this resistance to be support after retest .. we could retest this line again
But what I wanna see is three important things .. for a good breakout to reach our target
First .. Price could trade between red line and green line .. while reaching our target meaning no daily candle close below green line
Second good hint in the RSI indicator I wanna see Green line hold as a support divergence ..
Third Price show a good rejection if came back to retest black line ..
for any question feel free to ask and good luck :)