UnknownUnicorn1043646

Macro - DXY Falling Wedge Reversal Confirmed

Long
TVC:DXY   U.S. Dollar Index
Idea for DXY:
- Falling Wedge Breakout, Re-test and confirm rising ML Channel.
- Likely USD enters an uptrend, risk assets see corrections.
- Forecasted DXY bounce May 23:

GLHF
- DPT
Trade active:
Euro is the same trade, wedge breakdown:
Trade active:
All within frequencies:
Trade active:
Pulled back to 200MA and holding:
Trade active:
May confirm new ML channel:
Trade active:
2 tars hit:
Trade active:
PT hit, will update
Trade active:
yes it should hit the top of the ML channel before returning to ML:
Trade active:
plus a bull flag move:
Trade active:
All original targets were met. It seems that 95.580 is next:
Trade closed: target reached:
Now time for risk parity
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.