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UnknownUnicorn1043646
Jun 14, 2021 1:09 AM

Macro - DXY Falling Wedge Reversal Confirmed Long

U.S. Dollar Currency IndexTVC

Description

Idea for DXY:
- Falling Wedge Breakout, Re-test and confirm rising ML Channel.
- Likely USD enters an uptrend, risk assets see corrections.
- Forecasted DXY bounce May 23:


GLHF
- DPT

Trade active

Euro is the same trade, wedge breakdown:

Trade active

All within frequencies:

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Pulled back to 200MA and holding:

Trade active

May confirm new ML channel:

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2 tars hit:

Trade active

PT hit, will update

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yes it should hit the top of the ML channel before returning to ML:

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plus a bull flag move:

Trade active

All original targets were met. It seems that 95.580 is next:

Trade closed: target reached

Now time for risk parity
Comments
arturogp_92
WHAT IF FALSE BREAKUP AND BULLTRAP?
UnknownUnicorn1043646
@arturogp_92, Possible, but I like these setups
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