USD Index consolidating further after the mega spike.
As I suggested in my previous post (see link below) the blue rectangle area can be a good risk/reward "buy box", as the daily Ichimoku setup has turned bullish again.
The question is if we can reach that box at all?
In the last 1 hour price has touched 95,30+, which was the 16/June candle top, and also the top of my "buy box".
This horizontal level may also be the bottom of a bullish flag.
If we can not accumulate enough in 94,90-95,40 zone slowly, then we'll have to buy the next bullish Heikin-Ashi signal and of course the possible upper break of the bullish flag! A break and close above 95,90-96,00 will open space to 97,65.
Note:
Buying DXY is probably even better risk/reward then short EURUSD. Why? Because GBPUSD is also included in the index.
As I suggested in my previous post (see link below) the blue rectangle area can be a good risk/reward "buy box", as the daily Ichimoku setup has turned bullish again.
The question is if we can reach that box at all?
In the last 1 hour price has touched 95,30+, which was the 16/June candle top, and also the top of my "buy box".
This horizontal level may also be the bottom of a bullish flag.
If we can not accumulate enough in 94,90-95,40 zone slowly, then we'll have to buy the next bullish Heikin-Ashi signal and of course the possible upper break of the bullish flag! A break and close above 95,90-96,00 will open space to 97,65.
Note:
Buying DXY is probably even better risk/reward then short EURUSD. Why? Because GBPUSD is also included in the index.
