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DrDovetail

DXY getting closer & closer to double bottom target from April

Long
U.S. Dollar Index (TVC:DXY)  
DrDovetail  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns DXY USE euro dollarstrength Double Bottom bullishbreakout Bullish Patterns Monthly Charts
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trendanalysis chartpattern dxy use euro dollarstrength doublebottom bullishbreakout bullish monthly
We can see this pattern’s breakout has definitely been triggered at this point and the price is heading closer and closer to the target that we called back in April. I will attach the chart idea from April near the bottom of this one. Only question now is do we reach 100% of the target. We still need to over come around 121 for it to confirm a higher high on the macro chart. I personally anticipate a lower high but either possibility is probable at this point. If we were to not hit 100% of our target before the next next downtrend then that would definitely clue us in. *not financial advice*

Related Ideas

DrDovetail
DXY attempting a double bottom breakout.
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