DXY25 July 2022
Trade Plan
Instrument: DXY
Timeframe: H4
Description
It appears that DXY has completed a 38.2% retrace of the bullish impulse move. Apparently it's due for yet another bullish push to 110.256-110.699 area.
Based on updated analysis, our projected Bullish Cypher pattern will be invalidated. However, we attained profit objective 1, and we can safely close TP2 and TP3 trades or just move Stop loss at BE,
Nonetheless, price appeared to have resumed Bullish trend with high probability of developing New High as projected.
Let's see how it plays out
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Charts are EDUCATIONAL, not INVESTMENT recommendation
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Disclaimer
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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.