vikinsa

DXY Full Top Down In-Depth Analysis For The Next Move

Long
TVC:DXY   U.S. Dollar Index
Traders, Dollar has been bullish as expected for months and ultimately it will keep on rising because on higher time frames it is forming a W pattern. These are the factors for its bullishness:

1. W pattern on multi year monthly time frame
2. Sideways Channel on Monthly time frame
3. Double bottom on monthly time frame
4. W pattern formation of Weekly time frame
5. 200 SMA attracting price on weekly time frame

Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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