DXY (USDOLLAR): Last Push Down Before Rise(Extended M Pattern)

8 Mei 2021

Traders, DXY (USDOLLAR) is being manipulated at the moment. We were expecting a push down but no so sudden. This last sudden move is actually good for us because that shows that very soon it is about to reach a level where it can be bullish again. An extended FCP (Fibonacci Confluence Pattern) has formed and market can simply go to the FCP zone below to collect the orders and rise up. If the market starts fall beyond that then 89.3-89.2 area is the next support.


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1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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