🏛DXY is trading in a rising bear wedge That is destined to break downwards However, the horizontal resistance was not reached yet But we are seeing a small breakout of the support With the candle closing below the line And a retest that followed Breakouts are not trustworthy lately However, this might be the beginning of the bearish correction Thus, I am bearish biased on DXY now Let's wait for the market to decide how valid this breakout is though And then we will follow the market, instead of trying to beat it BEARISH BIAS🔥
Thanks, was difficult until respectively YMGroup posted, then thought it likely through.
Helical_Trades
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Great one just like always ! Appreciate your great work mate ❤️ Thanks for sharing your outlook 😃
YMGroup
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as always good analysis
AtlasTrades
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awesome thanks for sharing I agree
VasilyTrader
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Nice chart, cheers!
momindekk1
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Yes good
tscherno2018
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not at all based on COT Data. I guess banks are hunting for the stopp loss by the retailtraders im still bullish for DXY. And if you look atthe steiment retail already trapped and shift US Pairs of long so for me fake breakout