Title
DXY H4 | Potential bullish reversal
Type
Bullish Bounce
Preference:
Price is continuing to drop towardsUSDCHF H4 | Potential bullish reversal, which is an overlap support level that is slightly above a 61.8% Fibonacci retracement. If price were to reverse, it could rise toUSDCHF H4 | Potential bullish reversal
Alternative scenario:
However, if the price were to break below the pivot, it could drop toUSDCHF H4 | Potential bullish reversal
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.