Long

DXY Fibonacci Trading And Price Action

Updated

Set up price clusters according to my Fibonacci price clusters on DXY in the US session yesterday.
Setups that find sensitivity points that coincide with support resistance and resistance will find good trades, stop losses and clear profit-taking expectations.
I do analysis on DXY so that you can use it to trade on related forex products. You can see why , , , ,.... And a lot of greenback related products reverse and why price moves like that.

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You can see I expected DXY to drop to some point and the crowd noticed DXY and the price turned back beautifully.
The turn of this price also marks the point where I can go short at that point EUR/USD, AUD/USD, GPB/USD and jump in buying USD/JPY, USD/CAD.....And other products other related products.

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During the DXY phase, the trend is on the current chart. I advise you not to trade forex with large volume to avoid unnecessary loss to your account.
Large economies that mandate barter trade will force foreign exchange banks to do the transactions for them. I warn freelance traders and small cap hedge funds not to trade during this period.

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13 minutes later there will be economic news on JPY for the day that may affect the DXY.
Let's wait and see if DXY can hold this level since the end of Friday trading day last week.
If the DXY goes up everything goes back to the way it was last week in terms of all trends.
If DXY continues to fall, welcome to a new trading cycle.

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JPY foreign currency reserves decrease this shows that they have reduced their ability to hedge against DXY . Let's see if this is clearly shown on the DXY chart. To me this is a clear DXY bearish news.

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Set up trades on DXY in detail with not much important economic news, I feel like a prophet will know the market on other products tied to DXY and silver coin What will be green? I am no longer afraid to trade in the market.
Of course, when economic news is very important or because of natural disasters, war affecting a certain product is a completely different story.
Have you made enough money today???

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I am expecting the price to reach this area and bounce back, like a ball being thrown to the ground and then bouncing back.
And then you can open positions on related products.

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USDJPY is reacting to the price of DXY, I noticed a group of traders are shorting the pair on the move of DXY.

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I jumped in to buy and short a few things.
A trade that is sure to earn 100 USD with over 80% rate and a trade that earns 1000 USD with less than 50% win rate which would you choose???

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If the price exceeds the expected mark, then really calm down.
It is important that you trade with the right volume for your account so that your account can live and weather some minor market fluctuations. As a result you are still profitable in trading.

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I checked with Fibonacci and resistance that this could be a pretty important resistance area today, if DXY is held in this range price is likely to pull back, It's a counter-trend setup and the probability of failure is high, so it's up to you to choose whether to trade or not.

Persephone_AM

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