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VasilyTrader
Jun 9, 2020 9:59 AM

Dollar, Show us your STRENGTH! Long

TVC:DXY240
U.S. Dollar Currency IndexTVC

Description

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dxy reached a key 3 days/daily structure.

on 4H the price set a double bottom pattern with a higher low.

looks like greenback is finally preparing for a pullback.

the last resort for bears is 97.05 resistance.
if bulls manage to close above this level on 4H, the price will most likely keep growing further.

target levels:
97.5
97.8


in case of a new lower low formation, the market will go lower.
next goal will be 95.9
FibonacciSupport and ResistanceChart PatternsForexdollarUSDDXYindexesDJ FXCM IndexUSD (US Dollar)tradingTechnical Analysis
Comments
keifer
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Your charts are great but your vids are the best. Keep up the great work. :)
VasilyTrader
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@keifer, thank you 😊
Perpetuum
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Hey Vasily, thanks for your posts and vids, really helpful! Do you think Dxy might be making a false lower low and do you still stick to your plan or do you consider this setup as no longer valid? Curious!
VasilyTrader
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@Perpetuum, Good question!!!
It looks like today we have a lot of US fundamentals!
It will be a truly decision moment for USD.

If they turn to be positive
Yes, breakout most likely will be false
NicoleLomazowLowe
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Well done sir
VasilyTrader
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@NicoleLomazowLowe, thank you my friend!
VasilyTrader
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Will USD start growing?
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