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VasilyTrader
Feb 21, 2023 7:01 AM

Dollar Index (DXY): Your Detailed Trading Plan💲 Long

U.S. Dollar Currency IndexTVC

Description

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We have spotted earlier a confirmed structure breakout on Dollar Index.
The market is retesting that at the moment.

To catch a bullish move from that with a confirmation, watch a double bottom pattern on 4H time frame.
104.05 - 104.09 is its neckline.
Wait for its bullish breakout, we need a 4H candle close above that to confirm the violation.

A bullish continuation will be expected then to 104.55.

If the price sets a new lower low, the setup will become invalid.

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Comments
SignalProvider
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Waiting for breakout too!
VasilyTrader
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Wait for a neckline breakout, that is your trigger
TheCryptagon
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Thanks for sharing this idea! Nice description with good technical analysis. Take a look at the technical indicators used on our idea as well:
UnitedSignals
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Perfect idea.
JoeChampion
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Good work, i agree on USD strength!
pejman_zwin
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Great analysis
LegionQ8
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You made me reconsider but anyway thanks for great idea
EliteTradingSignals
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Good idea my friend!
basictradingtv
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keep up the good work!
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