DXY Buy
Updated
DXY two possible directions
For DXY to continue to the upside, two 4hr candle must close above 101.2. Target buy will be at 101.83
In my opinion, I will be on the DXY buy side.
Reasons:
1) DXY possible higher low point
2) Possible base fomation to the upside
3) Supply area at 100.5 pushed twice price to the upside
For DXY to continue sell, two 4hr candle must close below 100.9. Target for sell will be at 100.5.
Good luck and trade safe.
For DXY to continue to the upside, two 4hr candle must close above 101.2. Target buy will be at 101.83
In my opinion, I will be on the DXY buy side.
Reasons:
1) DXY possible higher low point
2) Possible base fomation to the upside
3) Supply area at 100.5 pushed twice price to the upside
For DXY to continue sell, two 4hr candle must close below 100.9. Target for sell will be at 100.5.
Good luck and trade safe.
Trade closed: target reached
TP hit, nice price movement. As expected, for dxy to continue sell, 4hr candle closed below 100.9 and of course target for sell hit!
Now let's see if dxy base will hold for the price to push up.
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