Long

TRADE OF THE WEEK | Classic Trend-Following Trading 💰

Hey traders,

Dollar index is trading in a long-term bullish trend.
After the index set a new high at the beginning of March
the market started to consolidate within a horizontal trading range on a daily.
I was looking for its bullish breakout as a trigger to buy.

Daily candle close above the resistance of the range confirmed the breakout.
On a retest, I was looking for an intraday confirmation to buy.

DOLLAR INDEX (DXY) Important Breakout & Bullish Outlook 💵

My confirmation was a tiny inverted h&s pattern on an hourly time frame.
After the price formed a confirmation pattern, the market bounced sharply.

Great winner!!!

Did you catch this move?

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VasilyTrader

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