- DXY has had a pretty bearish day today after breaking its recent low and continuing lower
- This move has now encountered the lower trend-line support of its overall ascending channel on higher time frames
- Just a matter of waiting, there are two scenarios to watch out for:
1. Bullish rejection candle/pinbar/pattern on this trend-line support signalling a move higher and to go long once again
2. Break of trend-line support and a plummet off the cliffs edge
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- This move has now encountered the lower trend-line support of its overall ascending channel on higher time frames
- Just a matter of waiting, there are two scenarios to watch out for:
1. Bullish rejection candle/pinbar/pattern on this trend-line support signalling a move higher and to go long once again
2. Break of trend-line support and a plummet off the cliffs edge
THIS IS NOT TRADE ADVICE NOR A TRADE CALL