DXY - To Be Continued... 🎬

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

For those who know me, I always keep an eye on DXY to feel the overall market (stock, crypto, forex)

As per my last analysis (attached on the chart), DXY is approaching a strong support / demand zone in blue (102 - 103.5)

And we can clearly see that the bears are getting exhausted as they the bearish impulse movements are getting smaller.

As per my trading style:
As DXY approaches the blue zone, I will be looking for bullish reversal setups on lower timeframes (like a double bottom pattern, trendline break , and so on...)

For now, we are still bearish trading inside the orange channel.

For the bulls to take over, we need a break above the last high in orange and the upper orange trendline.

Meanwhile, DXY can still trade lower inside the blue support before forming a new swing high and break it upward.

In brief, wait for a break above a major high AND upper orange trendline for the bulls to take over.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

📊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

他のメディア:

免責事項

これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。

TheSignalyst

他のメディア: