IS A HIGHER LOW SECURED ON THE DXY? LET'S FIND OUT

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IS A HIGHER LOW SECURED ON THE DXY? LET'S FIND OUTUS Dollar IndexCAPITALCOM:DXYRICHINVESTORIn this weekend analysis, I am still paying attention to the higher time frame downtrend on the dollar index while acknowledging the higher low support on the daily chart forming an inverse Head and Shoulders pattern. On the 4H and lower timeframes we have a strong ceiling made up of the 200SMA and 50SMA resistance level and need to break through from the 20SMA Line in the sand support. This weeks trade plan and thesis is for price to hold above the 20 SMA on the 4H timeframe expecting a potential dip to the zone of 97.128 (liquidity zone) and then bounce up to a weekly target of 97.7. This Thesis is INVALIDATED if a candle opens and closes below 97.015. I wish everyone a great trading week. Thank for supporting my publications and trade ideas. Cheers!!!