Strategically speaking, DXY is setting up for a big corrective action downward, and its just a matter of time.... According to Bearish Butterfly on daily inside trend channel...
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DXY is resisting to break the key resistance level, its important to watch the key action of DXY at 95.25-95.50 not able to move forward up, means, we have reached a key turning point...
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DXY is approaching the resistance line... If DXY break the resistance with full force, and there is a follow through in the rally, then I would say that this bearish trend will be broken.... So, lets not rush at the moment.... Stay on cash... Cash is King
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Wow , what a timing folks , perfect analysis and a perfect chart , DXY crashed right at the same resistance level that we had drawn ,,, perfect
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DXY is on track to make a deep correction....just as expected
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Just to update my initial comment, this is not a butterfly, but a Shark Pattern, its very important to understand the exact term , since, it produced sharp accurate results.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.