Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
DXY QUICK UPDATE 📚
👉 As we can see price rejected our lower zone, as we mentioned in our previous analysis attached on the chart, adding on price broke above our previous major highs and lows, to be acting as a minor support zone for now.
👉Moreover, price is trading now inside this rising broadening wedge pattern, and as the price will be approaching our upper resistance zone, lining up with our upper bound of this wedge, we will be looking for new shorts.
Unless price managed, to trade lower till our rising trendline, lining up with our zone, where we will be looking for new longs as a trend-following one. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
DXY QUICK UPDATE 📚
👉 As we can see price rejected our lower zone, as we mentioned in our previous analysis attached on the chart, adding on price broke above our previous major highs and lows, to be acting as a minor support zone for now.
👉Moreover, price is trading now inside this rising broadening wedge pattern, and as the price will be approaching our upper resistance zone, lining up with our upper bound of this wedge, we will be looking for new shorts.
Unless price managed, to trade lower till our rising trendline, lining up with our zone, where we will be looking for new longs as a trend-following one. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!