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Long

Dollar Index (DXY) – Bullish Correction – Minute IV

TVC:DXY   US-Dollar Währungsindex
Following up on the previously posted “FED Rate – DXY             Technicals – Ready for a Bullish Corrective” video, DXY             indeed went towards lower levels, however it did not properly commence the expected Bearish Swing, showing overlaps in its sequence, which could be a sign that the Bullish Corrective is possibly starting this week.

DXY             is showing a possible Bullish Divergence , which is present at key Fibonacci Levels, showing a good probability of a Bullish Impulse, caused by a Bullish Divergence and/or the visible Bull Flag .

This Bullish Divergence could signal the end of Minute III             (red), which was triggered along with my previous post on Dec 12th “Fed December Rate Hike – DXY             Technicals – Elliott Wave Analysis”.

Trades in Focus available for our Members with Entry / SL & TP:

- USD/CHF             - BUY
- EUR/USD             - SELL
Kommentar: After 4 comes 5.
Watch 91 Levels for a Bearish Divergence.
DXY about to fall hard very soon
snapshot
Agree with your sentiment, good post.
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