Here’s a structured plan for managing two buy positions on the DXY:
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1. Entry Plan
First Buy Position:
Entry: 107.000
Likely Reason: Anticipation of strong support at this level, possibly near a significant technical or psychological level.
Second Buy Position:
Entry: 107.830
Likely Reason: Market reversal or breakout confirmation at this higher level.
DXY
2. Risk Management
Stop-Loss Levels:
For the 107.000 position: Below 106.800 (to avoid a deeper pullback).
For the 107.830 position: Below 107.500 (to account for short-term fluctuations).
Position Sizing: Use smaller lot sizes for the second position if risk increases near resistance zones.
---
3. Take-Profit Strategy
Conservative Targets:
For both positions, a short-term take-profit can be set at 108.200, which may align with minor resistance.
Aggressive Targets:
Extend profit-taking to 108.500 or 109.000, depending on momentum and fundamental triggers.
---
4. Monitoring Key Levels
Support Zones:
Strong support at 107.000: Look for price consolidation here if it drops further.
Resistance Zones:
108.000–108.200: Watch for profit-taking or reversal at these levels.
109.000: A more aggressive upside target.
---
1. Entry Plan
First Buy Position:
Entry: 107.000
Likely Reason: Anticipation of strong support at this level, possibly near a significant technical or psychological level.
Second Buy Position:
Entry: 107.830
Likely Reason: Market reversal or breakout confirmation at this higher level.
DXY 2. Risk Management
Stop-Loss Levels:
For the 107.000 position: Below 106.800 (to avoid a deeper pullback).
For the 107.830 position: Below 107.500 (to account for short-term fluctuations).
Position Sizing: Use smaller lot sizes for the second position if risk increases near resistance zones.
---
3. Take-Profit Strategy
Conservative Targets:
For both positions, a short-term take-profit can be set at 108.200, which may align with minor resistance.
Aggressive Targets:
Extend profit-taking to 108.500 or 109.000, depending on momentum and fundamental triggers.
---
4. Monitoring Key Levels
Support Zones:
Strong support at 107.000: Look for price consolidation here if it drops further.
Resistance Zones:
108.000–108.200: Watch for profit-taking or reversal at these levels.
109.000: A more aggressive upside target.
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Free Signals And Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.