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Yuriy_Kuznetsov
Aug 7, 2021 10:03 AM

DXY moves according to my idea December 2020 Long

U.S. Dollar Currency IndexTVC

Description

Hello! In December 2020, in my idea, I noted that this is the safest place to buy DXY, and identified two targets 92782 and 96462. As a result, the price came out of the wedge and reached my first target, after which it again reached the level from which the movement began (a safe place - strong support) forming a double bottom. Now the price is again trying to break up the level of my first target. I expect that this time the level will be overcome and the movement to my second target 96462 will begin. Otherwise, we will stay in the current range for a long time.

Information provided is only educational and should not be used to take action in the market

Trade closed: target reached

Comments
yupyupyup
above 20 ema on weekly is nice
Yuriy_Kuznetsov
@yupyupyup, yes, thanks for your comment!
yupyupyup
@Yuriy_Kuznetsov, NP thanks for your charts. Hardly anyone is paying attention to the bullish deveopments in the DXY. All sheep to the slaughter.
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