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VasilyTrader
Oct 5, 2022 8:12 AM

DOLLAR INDEX (DXY) Bullish Setup Explained 💵 Long

U.S. Dollar Currency IndexTVC

Description



Hey traders,

Dollar index reached an important zone of confluence based on a horizontal demand zone and 618 retracement of the last bullish impulse.

The price formed a tiny inverted head and shoulders pattern on that on 1H time frame, confirming the strength of the underlined zone.

I expect a bullish move now to 110.98 / 111.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Comments
VasilyTrader
Are you bullish on dxy?
TORNADOF5
@VasilyTrader, time to short spx you think ? =/
thank you
SignalProvider
Great insight;))
UnitedSignals
I like it
AnabelSignals
Awesome trade, my friend!
RLinda
Nice analysis. U can be right. THanks for sharing)
EliteTradingSignals
Good idea my friend!
Tolberti
Yes, I agree with this idea!
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