BeFinanceMate

US Dollar Index (DXY)

BeFinanceMate Updated   
TVC:DXY   U.S. Dollar Index
Potential Buy opportunity on DXY. After prolonged downtrend has turned to uptrend breaking the daily trendline. Price has tested it, forming falling wage pattern, as it is accepted as continuation pattern. There are some other point to accept further decline. However, we need to watch the price to pass through and close above 89.70. Then we may go long with the target zones as the half of the wage, the top of the wage and also the next resistance zone.
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Tp1 is hit // Wait for break this resistance to add 2nd position as pyramiding
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Trade Closed // Follow for more updates
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