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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.