DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish on DXY. Going into this week we’re expecting the overall bullish trend to continue.
Look for higher lows above 107.600 & near our 38.2% fib level
Trade scenario 2: For us to consider DXY bearish on this 4hour timeframe we would need to see a break of 107.600 support and retest as resistance.
Look for price action to confirm a new bearish trend after a lower high is confirmed below 107.600
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish on DXY. Going into this week we’re expecting the overall bullish trend to continue.
Look for higher lows above 107.600 & near our 38.2% fib level
Trade scenario 2: For us to consider DXY bearish on this 4hour timeframe we would need to see a break of 107.600 support and retest as resistance.
Look for price action to confirm a new bearish trend after a lower high is confirmed below 107.600
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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.
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.