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UnknownUnicorn7308096
Aug 11, 2020 2:04 AM

$DXY Double Bottom Long Long

U.S. Dollar Currency IndexTVC

Description

DXY forming a nice double bottom. Potentially forming rising wedge or upward channel. Let's see but strong double bottom is formed. Looking for breakout above $93.70 & then to $94 which is essentially neck-line of double bottom. Above $94 and we pressure the downward channel formed on the way down before nose-dive at the end which may come into play again. Breakout above that channel would show continued strength & could potentially retrace to $95.

I realize everyone & their siblings are looking at this double bottom right now, probably something to consider

15min

Comment

Dollar opening down from post last night, finding support at $93.25 where it found support a couple times before. I removed the yellow channel line.

Comment

Just gonna keep updating!

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