DXY H4: Breakout/ BULLISH fractal TP 106.75(SL/TP)(NEW)

3 בינו׳ 2023

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DXY H4: Breakout/ BULLISH fractal TP 106.75(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as I expect reversal/gains soon.

🔸 Summary and potential trade setup
::: DXY H4/candle chart review
::: falling wedge break out now
::: bottomed out / expect more gains
::: two overhead resistances
::: 105.50 and 106.75
::: DXY more gains next 3-6 weeks
::: BULLS getting mid-term advantage
::: so this may spell trouble for EURUSD
::: EURUSD target is re-test of parity
::: target EURUSD rate is 1.0000
::: bullish outlook for DXY
::: EURUSD rips/rallies should be sold
::: this is not a trade setup
::: FYI for EURUSD / GBPUSD /FX traders
::: good luck traders
🔸 Supply/Demand Zones
::: 105.50 fresh supply zone
::: 103.50 fresh demand zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS

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