DXY - Bearish => Bullish!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per our previous analysis, DXY rejected the upper bound of the red channel and traded lower.

What's next?

📉 DXY is undergoing a correction phase, trading within the rising channel in red, and it is currently approaching the lower bound of the channel.

Moreover, it is retesting a strong demand zone highlighted in green.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline.

📚 As per my trading style:
As #DXY approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich