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DOLLAR INDEX (DXY) Waiting For Breakout 💵
U.S. Dollar Index
Long
DOLLAR INDEX (DXY) Waiting For Breakout 💵
By VasilyTrader
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Feb 14, 2023
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Feb 14, 2023
Dollar Index is consolidating.
The market is currently coiling within a horizontal trading range.
103.73 - 103.97 is its resistance.
I believe that the next bullish move may initiate after its breakout.
Wait for a candle close above that first, then buy aggressively or on a retest.
Next resistance will be 105.1
Remember, that a bearish breakout of the support of the range may push the index lower.
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Candlestick Analysis
dollar
Parallel Channel
priceaction
priceactionanalysis
priceactionstrategy
priceactiontrading
Rectangle
USD
DJ FXCM Index
VasilyTrader
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