Hi traders:
As you know I do have a long bias on USD.
I see DXY could potentially have a bullish breakout, and in come the USD strength for up coming weeks.
I do want to see if price will break out of this descending channel structure, follow by a continuation structure to push the price up.
If we do see this move, then it gives other USD pairs extra confluence for a short term buy opportunities on them as well.
Thank you
As you know I do have a long bias on USD.
I see DXY could potentially have a bullish breakout, and in come the USD strength for up coming weeks.
I do want to see if price will break out of this descending channel structure, follow by a continuation structure to push the price up.
If we do see this move, then it gives other USD pairs extra confluence for a short term buy opportunities on them as well.
Thank you
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.