DXY Index is Ready to Fill GAP🚀

Apr 25, 2024

🏃‍♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴Heavy Resistance zone($105.88-$104.65)🔴, and is currently moving in a small Descending Channel and making a pullback to this zone.

🌊According to the theory of Elliott waves, it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside the descending channel.

💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.

🔔I expect the DXY index to Gp UP to at least the 🔵GAP($106.613-$106.504)🔵after breaking the upper line of the descending channel.

❗️⚠️Note⚠️❗️: If the DXY index can break the lower line of the descending channel, we can expect the DXY index to drop more.

U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

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Apr 25, 2024

Trade active

Apr 26, 2024

Note

Running Well

I expect the DXY index will touch and break the upper line of the descending channel.

May 2, 2024

Trade closed: target reached

Sorry for delay update.