DXY Leaped From Support, Long Approach!
Updated
Hi mates, Sharing daily time frame chart of DXY as it is looking that price bounced and trying to reverse from a long support and closed above resistance which earlier was a good support for it so i am planning to go long in it as a reversal trade here R:R seems very attractive to me, This analysis is completely based on price action nothing else i used in this. much awaited for your valuable feedbacks support and views for it kindly share, Thanks in advance.
Targets based on supply zone and falling resistance.
Long Support-:
This is not and trade or investment advice. This publication is meant for only learning purpose.
Regards- Amit
Targets based on supply zone and falling resistance.
Long Support-:
This is not and trade or investment advice. This publication is meant for only learning purpose.
Regards- Amit
Trade active
It seems that bounce is sustain above resistance, just checked hourly chart it is looking that it could retest it's support again, keep on watchTrade active
Breaching yesterday's high it is good sign of reversal trending upTrade active
Price again retested support and trying to reaching target 1Note
Price almost touched resistance target 1 on last session, now hoping that will cross that resistance and look forward towards target 2. Higher high day closing gives some more confidence to meNote
Resistance target one complete, waiting for this resistance breakTrade active
Reached very close to falling trendline, it is very complicated area to be going on for it for final targetTrade closed: target reached
Target accomplished 103.372 from 101.085 mentioned on this publication, i am so happy by closing this trade as target cheers mates thank you for support
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