hi everyone, DXY is making a rising wedge pattern shape from 4hrs to day tf...
primary target is around 105.5 or below to test the strong support trend line if it pulls back
if the price breaks out of wedge then 103.86 which is the strongest support
Macd has been making alot of bullish momentum but could this be the last?
if the price do pull back it'll most likely test the 50ma (orange line) at area of support...
Good luck - use proper risk management for USD pairs as there is upcoming major news this week
primary target is around 105.5 or below to test the strong support trend line if it pulls back
if the price breaks out of wedge then 103.86 which is the strongest support
Macd has been making alot of bullish momentum but could this be the last?
if the price do pull back it'll most likely test the 50ma (orange line) at area of support...
Good luck - use proper risk management for USD pairs as there is upcoming major news this week
Comment:
if price don't pull back below 106.7, the price is making bullish divergence and price can create high bull impulse making a bull trap