Dollar Index (DXY): Bullish Trend Continuation Pattern
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I see a nice bullish pattern on an hourly time frame on Dollar Index.
After the price set a new higher high, the market started a correctional
movement within the expanding channel.
Such a channel is called a bullish flag pattern.
Bullish breakout of the resistance of the flag is a strong bullish
trend-following signal that indicates the strength of the buyers.
With a high probability, the market will keep growing.
Next resistance - 106.25
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I see a nice bullish pattern on an hourly time frame on Dollar Index.
After the price set a new higher high, the market started a correctional
movement within the expanding channel.
Such a channel is called a bullish flag pattern.
Bullish breakout of the resistance of the flag is a strong bullish
trend-following signal that indicates the strength of the buyers.
With a high probability, the market will keep growing.
Next resistance - 106.25
❤️Please, support my work with like, thank you!❤️
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