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Profound_Ambition

DXY 4H

U.S. Dollar Index (TVC:DXY)  
Profound_Ambition Updated   
TVC:DXY   U.S. Dollar Index
Trend Analysis Support and Resistance Supply and Demand DXY dollarindex DJ FXCM Index break pullback Double Bottom higherlow
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trendanalysis supportandresistance supplyanddemand dxy dollarindex usdollar break pullback doublebottom higherlow
Price broke out of its descending trendline with a bullish engulfing candle after todays hawkish speech from Powell this morning. My bias is moving over to bulls on the double bottom after the double bottom off weekly support 88.60 which I had stated would be a potential reversal area a few weeks back. Price is now at a supply zone, where I suspect a potential pullback is now possible (higher low). Will be watching price action closely
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break & retest of resistance now support. Bulls are coming!
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trendline break, a further potential pullback is possible now to the broken descending trendline
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pullback to the broken trendline happening, will look to see a reversal back to the upside from there : )
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