DXY Long Idea
Last week we saw news push DXY lower out of a 4hour bullish trend toward 98.50
From the 98.50 area I’ll be looking for a bounce as all higher timeframes are significantly bullish and the 98.50 has been holding as key support for quite some time.
We also want to see DXY continue to remain stable and continue to range between 101.00 and 98.500
In the scenario we see DXY break 98.50 and continue to the downside look for a confirmed lower high
Last week we saw news push DXY lower out of a 4hour bullish trend toward 98.50
From the 98.50 area I’ll be looking for a bounce as all higher timeframes are significantly bullish and the 98.50 has been holding as key support for quite some time.
We also want to see DXY continue to remain stable and continue to range between 101.00 and 98.500
In the scenario we see DXY break 98.50 and continue to the downside look for a confirmed lower high
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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.