danresdidualfx

4HR Trade setup: DXY analysis

Long
TVC:DXY   U.S. Dollar Index
price has rejected the 96.50 zones with 4HR candle wicks, price is showing momentum to the upside to form a potential new lower high, if price rejects the key trendline a new lower low could be formed towards the 96.00 key level, however, if the trendline is broken a deeper retracement could be formed towards the highlighted region before price rallies to the downside.

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