DXY bullish momentum, established in 2021 and a current year-long bull flag consolidation, shows a potential setup against the 99.54 low *using TVC chart*.
Initial entry would be at the .79 fib retracement, more entries can be added towards the trendline retest and horizontal support.
Target Profit 1 would be at trendline resistance. TP 2 107.35.
Invalidation of this trade would lead to another potential long setup at 61.8 retracement of the entire uptrend established in 2021.
Initial entry would be at the .79 fib retracement, more entries can be added towards the trendline retest and horizontal support.
Target Profit 1 would be at trendline resistance. TP 2 107.35.
Invalidation of this trade would lead to another potential long setup at 61.8 retracement of the entire uptrend established in 2021.