vikinsa

$DXY Dollar Is Still Bullish After Expected Correction #dollar

Long
TVC:DXY   U.S. Dollar Currency Index
Traders, DXY Dollar Is Still Bullish After Expected Correction. We have been expecting this correction as it had reached an FCP zone where it consolidated for quite a while. This correction that we had was a shallow one so if the USDOLLAR picks up momentum, it can again go into the next leg upwards parabolically.

On the higher time frame we still have structure intact and W pattern is still in the formation which can push the price further upwards. A fall below these trendlines and confirmation can give us short opportunities in this market but trade what you see and take one step at a time.

Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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