DXY 96.01 - 0.3 % LONG IDEA * STRUCTURE & REVERSAL PTTNS
Updated
Good Day Everyone
A look at the DOLLAR INDEX from a monthly perspective we are still net short on the index seeing a rally of some three ( LL) candle on the chart on a bearish rally.
from the weekly perspective the sentiment is still the same 4th month closing an a ( LL ) rally looking for continuation of this momentum to the downside before seeing some reversal pattens to trigger the long trade.
same as on the daily chart looking for a completion of the ( W) formation but for now looking for that push down to level 95.68 before we can start looking for long entries on the index..
lets see how it goes.
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
A look at the DOLLAR INDEX from a monthly perspective we are still net short on the index seeing a rally of some three ( LL) candle on the chart on a bearish rally.
from the weekly perspective the sentiment is still the same 4th month closing an a ( LL ) rally looking for continuation of this momentum to the downside before seeing some reversal pattens to trigger the long trade.
same as on the daily chart looking for a completion of the ( W) formation but for now looking for that push down to level 95.68 before we can start looking for long entries on the index..
lets see how it goes.
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
Trade active
Wait on this, Move 1 successful broke through the support structure should we see a retest and significant move to the down side the long trade will be canceled look out for updates on this one....Note
HERE'S THE UPDATE
Order cancelled
Kindly Checkout the update on this one...
Related publications
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.