Chibuike_Odoh

DXY (US DOLLAR INDEX) - POTENTIAL BREAKOUT

Long
TVC:DXY   U.S. Dollar Index
ANALYSIS 🔎
- DXY is printing a falling wedge pattern.
- This is a trend reversal pattern.
- A bullish one to be precise.
- RSI is printing a bullish divergence signal.
- Price is testing the falling wedge's resistance.
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.

TARGET 🎯
- Horizontal resistance level (R1).

SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.

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