DXY FOLLOWING PARALLEL CHANNEL
HELLO TRADERS
- As we saw in Friday closing price broken some important level and made strong price actions.
- Accordingly market structures and studying I have observed that DXY is still bullish and following this parallel Ascending channel.
- I am looking that price will going to complete and test channel support also right leg of h&s pattern.
- Mean while in lower time frame like 4h we have chance to buy XXXUSD until dxy test channel support.
- After completing of this counter bearish move we can short XXXUSD for long term for new lows.
"Attaching 4H CHART for educational purpose"
- As we saw in Friday closing price broken some important level and made strong price actions.
- Accordingly market structures and studying I have observed that DXY is still bullish and following this parallel Ascending channel.
- I am looking that price will going to complete and test channel support also right leg of h&s pattern.
- Mean while in lower time frame like 4h we have chance to buy XXXUSD until dxy test channel support.
- After completing of this counter bearish move we can short XXXUSD for long term for new lows.
"Attaching 4H CHART for educational purpose"
Investment and structure planning :
DM
DM
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