zhipengcfel
Long

Trading opportunity for DXY (2016-07-03)

TVC:DXY   US DOLLAR CURRENCY INDEX
5 months ago
DXY             broke out of the bearish channel at Brexit. From elliott wave analysis, the large correction which lasts for more than one year might have finished.
US dollar is undergoing wave 4 correction
Now it is retesting the channel support. It is a good opportunity to buy it when coming to 94.8~95.3 supply zone with SL at 94.5
TP1: 96.7
TP2: 98.3
TP3: 100.2

If it breaks 96.7, it will confirm a double bottom pattern. If you are a conservative trader, buy when it breaks out of 96.7.

Good luck for everyone!
5 months ago
Trade active: Nice break up!
snapshot
4 months ago
Comment: Nice progress. I am waiting for the break out of 96.7.
4 months ago
Comment: Nice! Resistance at 96.7 was broken up.
a month ago
Comment: TP2 was hit!
nahidik PRO
5 months ago
I agree with your idea. May be a bit more down if it forms a channel.
DXY still bullish
+1 Reply
zhipengcfel nahidik
5 months ago
Nice! That is the reason why I will wait until it comes to 94.8~95.3 supply zone.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out