Increase of DXY index after breaking the Resistance Line🚀

Aug 8, 2023

Hi everyone👋.

💡The DXY Index is ready to break the resistance lines; one of the signs is Bullish Marubozu Candlestick Pattern.

🌊If we look at the DXY from the theory of Elliott waves, we will find that DXY is on the way to completing wave 5(📚If DXY breaks the resistance lines, we can confirm the end of wave 4📚).

🔔I expect DXY to break the resistance lines and at least go UP to the 🔴resistance zone($103.80-$103.38)🔴 in the coming hours.

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 be glad to see your ideas in this post.

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Aug 9, 2023

Trade active

Aug 14, 2023

Trade closed: target reached