After US election DXY
channel correction was finished and structure was broken.Then we observed impulse with a small corection started last week. Now transiting upward channel just finished Wave 3 bear
and ready to start Wave 4 bull
. 100.60 has shown to be a strong support ( double bottom
). This idea will be invalidated if DXY
below SL 100.10 returning to previous channel so be cautious. Entry 101.5 TP1 102.6 expect correction flag and then new Entry TP2 104.00 Wave 4 finish, and then wait for TP3 106.00 = 1.618 FIBO since impulse started.