untoldanalysis

Dollar(DXY) - descending triangle pattern

Short
TVC:DXY   U.S. Dollar Index


* 1D

The dollar is drawing a descending triangle pattern.

There is a high probability of going to check the bottom because it hit the upper resistance of the descending triangle for the fourth time and the upward trend line is broken.

Comment:

After the analysis, all short-term targets have been reached by falling to the bottom of the descending triangle.
Trade closed: target reached:
All tp reached.

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