VasilyTrader

Dollar Index (DXY): Waiting For Breakout 💵

Short
TVC:DXY   U.S. Dollar Currency Index

Dollar Index is coiling around a solid horizontal supply area on 4H.
The price formed a head and shoulders pattern, testing that.

The next bearish move will most likely initiate after a breakout of its horizontal neckline.
We need a 4H candle close below 104.87 - 105.05 to confirm the breakout.

Goals will be 104.18 / 103.8

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.