W
The weekly chart shows price action has been in a range since late 2016 and approaching the top of the range.
D
Idea is that the upward momentum from last week will slow into the coming week reaching this daily supply zone area and start a new downward leg of the range.
240
Price currently reacting off a 240 zone. Must wait for price to resume upward move into the higher 240 supply zone. Sell order will be from here
TP
7.5:1 Looking for a big profit zone, since the idea is that this trade is taking a shot at the top of the range. The plan is to move the stop to guarantee 3:1 profit, and trail from there.
[EDIT] Will enter as 3:1 and move TP to 7.5:1 if I able with work schedule
Other Notes:
For this idea to be valid the 100 level on the
DXY would need to hold as support
The weekly chart shows price action has been in a range since late 2016 and approaching the top of the range.
D
Idea is that the upward momentum from last week will slow into the coming week reaching this daily supply zone area and start a new downward leg of the range.
240
Price currently reacting off a 240 zone. Must wait for price to resume upward move into the higher 240 supply zone. Sell order will be from here
TP
7.5:1 Looking for a big profit zone, since the idea is that this trade is taking a shot at the top of the range. The plan is to move the stop to guarantee 3:1 profit, and trail from there.
[EDIT] Will enter as 3:1 and move TP to 7.5:1 if I able with work schedule
Other Notes:
For this idea to be valid the 100 level on the
DXY would need to hold as support Trade active
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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.
Related publications
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.