DXY - Are You Ready?πŸ“ˆ

TVC:DXY   U.S. Dollar Index
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

πŸ“‰ DXY has been overall bullish trading within the rising channel marked in red.

Currently, it is undergoing a correction phase, and approaching the lower bound of the channel.

Moreover, it is retesting a strong demand zone highlighted in orange.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower red trendline.

πŸ“š As per my trading style:
As #DXY is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

πŸ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

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