✅DOLLAR INDEX|DO YOU TRUST THIS BREAKOUT? BEARISH BIAS🔥

26 lug 2021

🏛DXY is trading in a rising bear wedge
That is destined to break downwards
However, the horizontal resistance was not reached yet
But we are seeing a small breakout of the support
With the candle closing below the line
And a retest that followed
Breakouts are not trustworthy lately
However, this might be the beginning of the bearish correction
Thus, I am bearish biased on DXY now
Let's wait for the market to decide how valid this breakout is though
And then we will follow the market, instead of trying to beat it
BEARISH BIAS🔥

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