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PA-FX
Jun 25, 2019 6:38 AM

US Dollar Index possible AB=CD completion att key swing low Long

U.S. Dollar Currency IndexTVC

Description

The DXY is about to complete an AB=CD harmonic move which complete at key swing low and may give at least a short term bounce to retest the broken structure and the 200 DMA. RSI on daily and 4H Tf is already at oversold area and to expect at least a correction here is very possible. Targets 38,2 and 61,8 fib correction of the CD leg.

Comment



Now 38,2 correction is done, usually that is target one on an AB=CD pattern, next TP is 61,8. A very nice performance since the completion of the pattern

Comment


61,8 is also reached which is usually the target two on this pattern, Happy Pips!
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