DXY - 02Mar2022
On the daily, price is at trendline resistance. Once price can close above this level, we could expect DXY to surge higher.
On the H4, price has found demand and pushed up on both occasion after price have pulled back to the 96.400 area. The wave 4 correction could have been completed and price action is bouncing higher for Wave 5-(1) to target at around 98.420.
In the case of price action closing back below 96.145, this wave count will become invalid.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price is at trendline resistance. Once price can close above this level, we could expect DXY to surge higher.
On the H4, price has found demand and pushed up on both occasion after price have pulled back to the 96.400 area. The wave 4 correction could have been completed and price action is bouncing higher for Wave 5-(1) to target at around 98.420.
In the case of price action closing back below 96.145, this wave count will become invalid.
This is for personal record purposes only, not financial advise or solicitation of trade.
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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.
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.