DXY Long Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Currently we are looking for long positions inline with the overall trend. Price action is now consolidating in a range. To enter long we Ideally want to see a higher low above resistance at 91.950 with confirmed bullish setups. Target higher toward negative fib levels.
Trade scenario 2: Price action could fall to the bottom of the range presenting a lower timeframe short opportunity. To consider usd primarily bearish we need to see a bearish break of this range with a lower high below. Target lower toward major levels of support.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Currently we are looking for long positions inline with the overall trend. Price action is now consolidating in a range. To enter long we Ideally want to see a higher low above resistance at 91.950 with confirmed bullish setups. Target higher toward negative fib levels.
Trade scenario 2: Price action could fall to the bottom of the range presenting a lower timeframe short opportunity. To consider usd primarily bearish we need to see a bearish break of this range with a lower high below. Target lower toward major levels of support.
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.
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.