DXY Watch bottom for price action for reversal
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Hi fellows, This pair is quite similar to USDCHF, Currently this pair is not ready for buy for longer term for that watch price action on lower time frame for early buy. If strong impulse appear on lower time frame then look for buy. In case we dont see any impulse and price heading lower then watch for lower degree Flag and sell for short term and then look for buy close to the trend line for reversal.
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Break above trend line will give a single for reversal but we will analyse that breakout before any buy. One more move down is possible Nota
Watch TCP fellows. Nota
Here we got the TCP formation fellows. One more move down is possible or watch strong breakout. Nota
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we have change in pattern formation but we are still bullish on DXY as we are above the impulse watch bottom.
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