🏃♂️DXY Index is moving near the 🟢Support zone($104.27-$103.90)🟢, and 200_SMA(Daily) and 100_SMA(Daily), and the lower line of the ascending channel.
💡Also, the Morning Candlestick Pattern is clearly visible.
🌊According to the theory of Elliott waves, it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone.
🔔I expect the DXY Index to rise to at least the Resistance line.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
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💡Also, the Morning Candlestick Pattern is clearly visible.
🌊According to the theory of Elliott waves, it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone.
🔔I expect the DXY Index to rise to at least the Resistance line.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Comment:
We should wait for the DXY Index to attack the resistance line. The analysis is still valid.
We should wait for the DXY Index to attack the resistance line. The analysis is still valid.
Trade closed: target reached
Comment:
DXY was able to break the resistance line; the next target is the Resistance zone.
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If the 🟢Support zone($104.27-$103.90)🟢, and 200_SMA(Daily), and 100_SMA(Daily) are broken, we should wait for a sharper drop in the DXY Index(probably until the next 🟢support zone🟢).