Akil_Stokes

DXY - Head & Shoulders Entry in Bullish Flag Pattern

Long
TVC:DXY   U.S. Dollar Index
Hey guys, bigger picture here on the DXY we have just violated an inside level of structure which allows me to make the prediction that price is likely to continue higher to our next higher level of previous structure resistance. Recently we've seen a little relief in the market in the form of a bullish flag pattern.

Currently at the lower end of this flag pattern we're forming a head & shoulders bottom pattern which can be used as a setup in it's own right or as an entry reason into the bigger flag pattern setup.

Your Trading Coach - Akil

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