DXY forms a Bullish Reversal Pattern

DXY is forming the right shoulder of the inverted Head and Shoulders pattern.

Buy on Neckline breakout.

Cheers!

تعليق:

Right should is now well developed. To take a trade i would wait for the neckline breakout.

تعليق:

In a smaller time frame, 4hr chart, RSI broke out of the down trend which give a good indication that DXY is heading for the the neckline of IHS.

تعليق:

RSI is in search for higher values on daily chart.

تعليق:

DXY formed a pin bar on daily. This should hold the bullish channel intact.

تعليق:

Approaching the downtrend.

أغلقت الصفقة: تم الوصول للهدف:

I think DXY has reached the target or almost but I will call an end here.