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VasilyTrader
Jan 2, 2023 11:07 AM

Dollar Index (DXY): Is That a Bearish Setup 💲 Short

U.S. Dollar Currency IndexTVC

Description



Hey traders,

Dollar index is approaching a key structure.
The price formed a descending triangle on that on a daily time frame.

Wait for its neckline bearish breakout.
It will most likely push the index lower.
Daily candle close below 103.4 will confirm the breakout.

Alternatively, a bullish violation of a trend line may push the price higher.

Good luck!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Comments
VasilyTrader
Wait for a breakout, traders
that is our trigger!
UnitedSignals
I guess we have a similar view on that. Well done!
EliteTradingSignals
DXY will fall!
MonoCoinSignal
Nice one
JoeChampion
Makes sense, USD will drop!
ArmanShabanTrading
love your idea 👍🏼
ProjectSyndicate
great risk/reward in this trade setup
SignalProvider
Waiting for breakout too!
malikwaseemisblhr
I agree 100% this analysis
basictradingtv
Great analysis as always!
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