U.S. Dollar Index
Hello to all dear traders. I apologize for the delay in presenting the analyses, as I have transitioned my analysis to the daily timeframe, which has allowed me to examine the market with greater depth and precision.
Currently, we are examining the chart of the DXY (Dollar Index). Based on previous forecasts, the significant growth we are witnessing in this chart was entirely anticipated. In the prior price leg, where we observed the formation of a Change of Character (CHoCH), my strategy focused on the order block extreme, and as we can see, the upward momentum of the dollar has continued, bolstered by relevant news.
It is expected that we will witness a Break of Structure (BOS) on the daily timeframe, followed by a price correction. The key point is that if the price reaches the specified order flow or order block, these levels represent excellent entry points for buying the dollar.
Therefore, it is advisable to look for a timely entry for a buying opportunity at this juncture, which I have clearly marked on the chart. I anticipate that the dollar will continue to rise; however, entering a trade will only be viable if the price reaches these target levels.
This chart has been presented in a very clear and understandable manner, designed for mapping and capitalizing on opportunities for you, esteemed traders. Wishing you all great success!
Thank you very much,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
Currently, we are examining the chart of the DXY (Dollar Index). Based on previous forecasts, the significant growth we are witnessing in this chart was entirely anticipated. In the prior price leg, where we observed the formation of a Change of Character (CHoCH), my strategy focused on the order block extreme, and as we can see, the upward momentum of the dollar has continued, bolstered by relevant news.
It is expected that we will witness a Break of Structure (BOS) on the daily timeframe, followed by a price correction. The key point is that if the price reaches the specified order flow or order block, these levels represent excellent entry points for buying the dollar.
Therefore, it is advisable to look for a timely entry for a buying opportunity at this juncture, which I have clearly marked on the chart. I anticipate that the dollar will continue to rise; however, entering a trade will only be viable if the price reaches these target levels.
This chart has been presented in a very clear and understandable manner, designed for mapping and capitalizing on opportunities for you, esteemed traders. Wishing you all great success!
Thank you very much,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
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.