A descent for an ascent
After two "legs" on an important daily level and a bounce up,
build a channel that goes up nicely.
Now all that remains to go up, is to go down to a deep correction (probably a liquidity trap...) and from there - up.
1. At the same time, you should pay attention if the DXY will continue to obey the 200 average above its head and go down (made a nice doji on the way...).
2. There is a risk of a third, deeper leg, so I don't "jump over my head" in the size of the trade, however in my opinion - it won't go down that much, first it will go up, maybe later.
build a channel that goes up nicely.
Now all that remains to go up, is to go down to a deep correction (probably a liquidity trap...) and from there - up.
1. At the same time, you should pay attention if the DXY will continue to obey the 200 average above its head and go down (made a nice doji on the way...).
2. There is a risk of a third, deeper leg, so I don't "jump over my head" in the size of the trade, however in my opinion - it won't go down that much, first it will go up, maybe later.
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