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VladimirRibakov

US Dollar Index Buy Idea From Strong Support Zone

Long
U.S. Dollar Index (TVC:DXY)  
VladimirRibakov Updated   
TVC:DXY   U.S. Dollar Index
Trend Analysis Trend Lines Chart Patterns dollarindex buy Bullish Patterns Bullish Divergence pullback bullishhiddendivergence support
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trendanalysis trendline chartpattern dollarindex buy bullish bullishdivergence pullback bullishhiddendivergence support
H4 - ABCD pattern with bullish divergence.

Downtrend line breakout.

Currently, it looks like a pullback is happening.

Bullish hidden divergence.

Expecting the price to continue higher further until the strong support zone holds.
Comment:
After the breakout of the most recent downtrend line, we had a pullback with the price reaching the strong support zone, respected it, and bounced higher from this zone, providing an excellent move to the upside!
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