Here’s a more detailed
DXY
DXY Trading Plan:
- **Buy Entry:** Enter a buy position around **107.800**, watching for price action confirmation at this level.
- **First Target:** **108.000** – This is the immediate resistance and serves as a safe partial profit-taking level.
- **Second Target:** **108.300** – A key resistance level, ideal for booking the remaining profits.
Risk Management:
- If **107.800** fails to break out or shows signs of reversal, **close the trade immediately** to minimize potential losses. Look for candlestick patterns, rejection wicks, or bearish momentum as warning signs.
Additional Notes:
- Monitor DXY momentum and overall trend direction on the 1-hour timeframe.
- Keep an eye on related macroeconomic data or news events that could impact dollar strength.
DXY DXY Trading Plan:
- **Buy Entry:** Enter a buy position around **107.800**, watching for price action confirmation at this level.
- **First Target:** **108.000** – This is the immediate resistance and serves as a safe partial profit-taking level.
- **Second Target:** **108.300** – A key resistance level, ideal for booking the remaining profits.
Risk Management:
- If **107.800** fails to break out or shows signs of reversal, **close the trade immediately** to minimize potential losses. Look for candlestick patterns, rejection wicks, or bearish momentum as warning signs.
Additional Notes:
- Monitor DXY momentum and overall trend direction on the 1-hour timeframe.
- Keep an eye on related macroeconomic data or news events that could impact dollar strength.
Trade active
hitting the first target! 🎉 Here's a quick guide for the next steps: ### **What to Do Now:**
- **Trail Stop-Loss:** Move your stop-loss to just below **108.000** to secure profits from the first leg of the trade.
- **Monitor Momentum:** Watch price action closely as it approaches **108.300** (second target). Look for strong bullish candles or rejection wicks.
- **Partial Profits (Optional):** If you're unsure about the momentum, consider closing part of your position near **108.100** for a safer approach.
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t.me/+JLFlD0eg3LFjNjU8
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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.
👉JOIN MY TELEGRAM:
Free Signals And Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.