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VasilyTrader
Nov 14, 2023 7:06 AM

Dollar Index (DXY): Price Action Analysis & Bearish Outlook 💵  Short

U.S. Dollar Currency IndexTVC

Description



Dollar Index formed 2 bearish patterns:
First, the price started to trade within a rising wedge pattern,
Then, a cup and handle formation was formed within its boundaries.

With a single 4H candle, the price violated both the neckline of the pattern
and a support line of the wedge.

I expect a bearish continuation to 105.45 now

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Trade closed: target reached

Comments
VasilyTrader
Are you bearish on DXY?
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