DXY Possible Bullish Flag Resolution (Long)

7 de out.

Hi Traders,

Spotted a bullish flag here on DXY 4H. Let's see if this shoots up. On a Weekly the index has broken out of a bullish wedge having a great momentum so far. There's still some room to go higher.

Good luck.

Tony

7 de out.

Nota

A Closer look at 1H TF:

8 de out.

Nota

The Index has broken the channel and has retested it.

8 de out.

Nota

closer look at 15 min

9 de out.

Nota

The idea is valid, the index is pushing higher in today's session.

10 de out.

Nota

The index prints bullish within channel being at a lower band at the moment - a correction is possible here

10 de out.

Nota

There was a fake break out from the 15min bull channel

12 de out.

Nota

Hi Traders,

As you could spot on the previous snapshot, I have moved my original target for a flag/channel breakout from 103.34ish down to 103.200 as the actual breakout was ~102.500 (see pink "New Target Est.").

12 de out.

Nota

At the moment DXY sides in the range 102.750 to 103.200 forming two diamonds consecutive or embedded patterns which normally would warn about possible reversal.

14 de out.

Nota

The last diamond has reverted the index back into upwards momentum, so as before we are still targeting the same 103.250ish area.

14 de out.

Trade fechado manualmente

Target Reached

15 de out.

Trade fechado: objetivo atingido

Technical status update: Target reached.