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VladimirRibakov

US Dollar Index Buy Idea From Key Support Zone

Long
U.S. Dollar Index (TVC:DXY)  
VladimirRibakov Updated   
TVC:DXY   U.S. Dollar Index
Trend Analysis Support and Resistance Trend Lines dolarindex buy Bullish Patterns correction support Bullish Divergence Trend Line Break
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trendanalysis supportandresistance trendline dolarindex buy bullish correction support bullishdivergence trendlinebreak
H4 - After the strong bullish move currently it looks like a correction is happening.

Price has reached a key support zone and is currently bouncing higher.

Bullish divergence.

If we get a valid breakout above the most recent downtrend line we may then consider it as a validation for the bullish view.
Comment:
The validation for the bullish view which is the most recent downtrend line breakout happened and then the price moved higher as per the plan and delivered an amazing move to the upside!
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