X87
Long

Channel / Ended Wave 3, ready to go forward again

TVC:DXY   US DOLLAR CURRENCY INDEX
25 1 1
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.
marketplaceguy
5 days ago
goodjob!!!
Reply
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