Probabilities that DXY is going is high.
Technicals DXY
→ We came into support and are heading up.
→ We do have a zone here which can act as resistance, but I expect that we will breach it.
→ We broke out of trendline and retested it and gone up.
→ We respected the up sloping channel.
Your trading friend,
Simba Trades
Technicals DXY
→ We came into support and are heading up.
→ We do have a zone here which can act as resistance, but I expect that we will breach it.
→ We broke out of trendline and retested it and gone up.
→ We respected the up sloping channel.
Your trading friend,
Simba Trades
Note
Play hasn't played out we do have tomorrow USD news to re-adjust but as of today probability is too low to take a tradeOrder cancelled
DXY too bearish (also expected due to USD news) This play totally invalid. Let's re-group for a next one.Note
Still got a bullish outlook considering we respeted a major support and got alot of volume last friday.We need to break first resistane and confirm to know we are targetting the highs or going even higher.
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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.