DXY H4 I'm seeing the possibility of the expanding flat in the internal D1 B wave coming to an end with bearish divergence in the H4 C wave up.
1) There is no confirmation C wave up is over.
2) Invalidation point is the yellow line up the top
3) Wait for confirmation with a bear flag on lower TF to confirm more downside to come before selling.
4) 100fib is the 1st TP, no one knows where wave C down will end.
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
1) There is no confirmation C wave up is over.
2) Invalidation point is the yellow line up the top
3) Wait for confirmation with a bear flag on lower TF to confirm more downside to come before selling.
4) 100fib is the 1st TP, no one knows where wave C down will end.
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
Invalidation point hit without giving bear flag.
