Trade to be taken at the break and confirmation of support. This could be the start of a med/long term dxy rally! I will explain my idea further in a second post later today.
GBP/USD is at a major resistance after failing to hold it as support. It is also looking to break down from this support
The DXY also looks to break above the horizontal support.
And potentially an inverse head and shoulders on the larger time frame
Euro also in a similar set up
GBP/USD is at a major resistance after failing to hold it as support. It is also looking to break down from this support
The DXY also looks to break above the horizontal support.
And potentially an inverse head and shoulders on the larger time frame
Euro also in a similar set up
Note
I've entered 20% of the positionNote
First TP hit on DXY target
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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.