Currently looking at the DXY, seems that a possible pattern is being formed on the 4h. If this Cup and Handle is successful, we can see DXY reaching the top of the channel...
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Last 4h candle closed above the neckline... I was expecting a stronger break...as long as there is no fakeout the top of the channel would remain the target.
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This breakout does not look successful. This fake out would mean a retest of the channel support line or the middle of the channel.
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Knock Knock....
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I would say, below 92.7 the pattern is no longer valid. Even higher lows trendline in yellow seems to have been broken. Awaiting for DXY to decide itself! :)
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Candle close above the yellow trendline maintaining the possibility of an uptrend and the pattern remain possible to be completed.
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I would have to consider this more an ascending triangle than a Cup and Handle!
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Playing as expected:
交易結束:目標達成
Reaching target... Trade closed!!
It is important to know IF downslopping resistance is broken ... A BIG move can come for DXY!