Title
DXY H4 | Potential reversal
Type
Bullish Bounce
Preference:
The price has bounced off from thDXY H4 | Potential reversal, which is slightly aboveDXY H4 | Potential reversal If the price were to reverse from this level, it could potentially move up towards theDXY H4 | Potential reversal which is a swing high resistance level.
Alternative scenario:
On the other hand, if the price were to break below the pivot point, it could drop toDXY H4 | Potential reversalwhich is a swing low support
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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.