Idea for DXY: - Falling Wedge Breakout, Re-test and confirm rising ML Channel. - Likely USD enters an uptrend, risk assets see corrections. - Forecasted DXY bounce May 23:
GLHF - DPT
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Euro is the same trade, wedge breakdown:
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All within frequencies:
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Pulled back to 200MA and holding:
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May confirm new ML channel:
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2 tars hit:
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PT hit, will update
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yes it should hit the top of the ML channel before returning to ML:
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plus a bull flag move:
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All original targets were met. It seems that 95.580 is next: