The U.S. Dollar Index (DXY) has remained overall bullish, trading within the rising channel marked in red. After the latest impulsive rally, price is now entering a healthy correction phase. 📈
Price is currently approaching a high-confluence support area formed by the intersection of:
• The lower bound of the rising channel marked in red.
• The demand zone marked in blue.
📌 As DXY approaches this confluence, we will be looking for trend-following long setups, anticipating a continuation of the broader bullish trend.
As always, rather than buying blindly into support, we will wait for bullish confirmation before considering any long positions.
Will buyers defend this confluence and resume the uptrend? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Price is currently approaching a high-confluence support area formed by the intersection of:
• The lower bound of the rising channel marked in red.
• The demand zone marked in blue.
📌 As DXY approaches this confluence, we will be looking for trend-following long setups, anticipating a continuation of the broader bullish trend.
As always, rather than buying blindly into support, we will wait for bullish confirmation before considering any long positions.
Will buyers defend this confluence and resume the uptrend? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.