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MichaelL200

Dollar Currency Index (DXY), 4-Hour, Supply reaction

Short
U.S. Dollar Index (TVC:DXY)  
MichaelL200 Updated   
TVC:DXY   U.S. Dollar Index
Trend Analysis Supply and Demand Fibonacci DXY dollar USD dollarindex structure break breakout short reversalpattern
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trendanalysis supplyanddemand fibonacci dxy dollar usd dollarindex structure break breakout short reversalpattern
I think there is a probability of a correction in the dollar index. We can notice a false breakout of the trend line and price reactions to the supply zones. It is not a perfect reversal or correction pattern (because there is no higher high), but we can expect it is a break of the structure (because of a supply reaction). Anyway, we should be careful on the nearest uptrend line and look carefully at the construction. Don't expect far TP as we have an overall uptrend.
Comment:
Be careful on Monday.
Comment:
New higher high.
Comment:
We have a perfect potential reversal or correction pattern now. The first red Heikin-Ashi candle may be a great idea for shorting USD.
Comment:
idea unrealized
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