DXY index growth by Bullish Engulfing Candlestick Patternð
āļāļĩāđāļāļąāļāđāļāļ:
Hi everyoneð(Reading time less than 2 minutesâ°).
It is better first to take a look at the daily chart of the DXY index.
As you can see in the chart below, DXY has managed to form a Piercing Line Candlestick Pattern near the ðĒheavy support zone($ 101.640-$ 100.80)ðĒ.
ðPiercing Line Candlestick Pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range.
In the 4-hour time frameâ°, DXY has managed to form a Bullish Engulfing Candlestick Pattern in the sðĒsupport zone($ 102.230-$ 101.910)ðĒ (it should be noted that the formed pattern is one of the valid and strong return patterns).
Also, Regular Divergence (RD+) can be seen between two successive valleys.
ðI expect that in the coming days, DXY will take a bullish position after breaking the downtrend line and even breaking the ðīresistance zone($ 102.86-$102.67)ðī.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frameâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
It is better first to take a look at the daily chart of the DXY index.
As you can see in the chart below, DXY has managed to form a Piercing Line Candlestick Pattern near the ðĒheavy support zone($ 101.640-$ 100.80)ðĒ.
ðPiercing Line Candlestick Pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range.
In the 4-hour time frameâ°, DXY has managed to form a Bullish Engulfing Candlestick Pattern in the sðĒsupport zone($ 102.230-$ 101.910)ðĒ (it should be noted that the formed pattern is one of the valid and strong return patterns).
Also, Regular Divergence (RD+) can be seen between two successive valleys.
ðI expect that in the coming days, DXY will take a bullish position after breaking the downtrend line and even breaking the ðīresistance zone($ 102.86-$102.67)ðī.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frameâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
What is your ideaâïļâāļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
DXY was able to break the downtrend line and resistance zone as I expected â
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
DXY seems to have pulled back to the resistance zoneāļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
DXY is ready to âïļattackâïļ the next ðīresistance zoneðī
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