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Bandarsq

DXY forms a Bullish Reversal Pattern

Long
U.S. Dollar Index (TVC:DXY)  
Bandarsq Updated   
TVC:DXY   U.S. Dollar Index
DXY USD DJ FXCM Index SPX (S&P 500 Index) XAUUSD EURUSD USDJPY GBPUSD AUDUSD USDCAD
39
12
dxy usd usdollar spx xauusd eurusd usdjpy gbpusd audusd usdcad
DXY is forming the right shoulder of the inverted Head and Shoulders pattern.

Buy on Neckline breakout.

Cheers!
Comment:
Right should is now well developed. To take a trade i would wait for the neckline breakout.
Comment:
In a smaller time frame, 4hr chart, RSI broke out of the down trend which give a good indication that DXY is heading for the the neckline of IHS.

snapshot
Comment:
RSI is in search for higher values on daily chart.

snapshot
Comment:
DXY formed a pin bar on daily. This should hold the bullish channel intact.

snapshot
Comment:
Approaching the downtrend.

snapshot
Trade closed: target reached:
I think DXY has reached the target or almost but I will call an end here.
It's never been a free market and will never be.
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