Dollar Currency Index (DXY), 4-Hour, Supply reaction

٢٤ أغسطس ٢٠٢٢

I think there is a probability of a correction in the dollar index. We can notice a false breakout of the trend line and price reactions to the supply zones. It is not a perfect reversal or correction pattern (because there is no higher high), but we can expect it is a break of the structure (because of a supply reaction). Anyway, we should be careful on the nearest uptrend line and look carefully at the construction. Don't expect far TP as we have an overall uptrend.

٢٧ أغسطس ٢٠٢٢

ملاحظة

Be careful on Monday.

٢٩ أغسطس ٢٠٢٢

ملاحظة

New higher high.

٢٩ أغسطس ٢٠٢٢

ملاحظة

We have a perfect potential reversal or correction pattern now. The first red Heikin-Ashi candle may be a great idea for shorting USD.

٣ سبتمبر ٢٠٢٢

ملاحظة

idea unrealized