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VasilyTrader
Nov 9, 2023 3:17 PM

Dollar Index (DXY): Top-Down Analysis & Trading Plan 💵 Short

U.S. Dollar Currency IndexTVC

Description



Dollar Index is currently approaching a solid horizontal resistance.
The market formed a head and shoulders pattern formation on that on a 4H time frame.

Monitor the reaction of the price to its neckline.
If a 4H candle closes below 105.43, a bearish movement will be expected.

Targets will be 105.16 / 104.97

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Comments
VasilyTrader
What do you expect from DXY?
VasilyTrader
Do you agree with my analysis?
TQD16348504edit
BIDV.Mastercard.5174530025331104
Abbas1990sh
nice work💯
VasilyTrader
@Abbas1990sh, thank you sir
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