DXY 91.69 + 0.07 LONG IDEA * PRICE ACTION & STRUCUTRE
Updated
Hello
Hey everyone hope everyone is doing ok this week, here's a look at the DOLLAR INDEX from the 4H chart.
* The index has been trading in a descending channel structure tested the base of the structure saw a choppy impulse the correction.
* traded in a bull flag saw a breakout now currently testing resistance level 91.74.
* A break above of this structure triggers the trade targeting the roof of the descending channel structure.
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hey everyone hope everyone is doing ok this week, here's a look at the DOLLAR INDEX from the 4H chart.
* The index has been trading in a descending channel structure tested the base of the structure saw a choppy impulse the correction.
* traded in a bull flag saw a breakout now currently testing resistance level 91.74.
* A break above of this structure triggers the trade targeting the roof of the descending channel structure.
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Trade active
ADJUST SL TO BREAK EVEN
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