DXY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
1Hour Trend: Bearish
Trade scenario 1: Look to continue with the clear bearish trend. From where current price action is now we’re looking for bearish conviction candles to begin the next bearish leg. We are targeting lower toward key support around 91.750 & our -27% fib level.
Trade scenario 2: Price action goes bullish. To confirm a change of trend and possible bullish leg we need to see a higher low above 92.600 with strong bullish setups. If this happens look for price action to head toward our key resistance near 93.250
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
1Hour Trend: Bearish
Trade scenario 1: Look to continue with the clear bearish trend. From where current price action is now we’re looking for bearish conviction candles to begin the next bearish leg. We are targeting lower toward key support around 91.750 & our -27% fib level.
Trade scenario 2: Price action goes bullish. To confirm a change of trend and possible bullish leg we need to see a higher low above 92.600 with strong bullish setups. If this happens look for price action to head toward our key resistance near 93.250
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.