Olu
Long

DXY: Still Winding

TVC:DXY   US Dollar Currency Index
73 3 5
Comments on the chart. This coiling has been going on for quite a while and the breakout could be explosive.
Comment: more of the same winding today...
Comment: still waiting for an inner breakout on this one. Weakness came in this week but price managed to retain the possibility of an upside breakout.
Comment: I cant believe how long I have been looking for a breakout on this pair. All I see is continuous winding. Another thing is price seems to be clinging to the lower parts of the structure that the upper parts. Not a good sign
Comment: Constructive price action so far this week. Still looking for that breakout to the upside
Comment: Go $ Go...
Comment: This is rather exiting. Price is about to breakout of the extended ranges of the triangle...
Comment: We have breakout. After 24 days of this idea it finally happens with the downside levels intact.
Comment: Price is building on the breakout. Nice clean weekly bullish candle. I am looking for 105 area but as you know there will be some retracements along the way. Already the eurusd is oversold on the daily chart and could retrace a bit...
Comment: All that move down on the intraday DXY charts are but a blip on this weekly updated chart. Price might be ready now to continue upwards
Comment: Some net retracement this week but the whole idea is still intact. Still looking to get to 104 area but will take this one day at a time. It is good to see the euro starting to break down. This helps my idea as it is about 48% of the DXY index

Related Ideas

Wow! What happened? Do you know? I'm looking at the sudden gap. cool
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Olu dead2live
Don't know of any specific information or incident but $ news has been good lately
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I think it was gbpusd, like a hidden brexit. crazy
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