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U.S. Dollar Index
Long
Updated

Fibonacci Trading And Price Action

104
Establish a fibonacci price cluster on the short time frame on DXY.
A nice return to the uptrend.
I set up a trigger point on DXY not only to trade on DXY but also to use it to trade products related to the USD.
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It is important that you enter a trading order with a volume appropriate to your account. With each transaction above, I accept to lose 2% of my account only. And when the price has followed the analyzed trend and passed through a support mark on that trend, I will at least take the loss to the breakeven point or to enable Traling stops with the EA I set up.
Trade active
Set up my intraday entry point, based on Fibonacci price cluster support on DXY to comment on orders on related products. I will trade with EURUSD.
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Trade active
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Because this is intraday trading. I will move the stop loss to the breakeven point.
Currently if I close this order, I will receive 3.5 pieces of cake, I have to pay the floor for 1 piece of cake, and I get 2.5 pieces back.
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The price is still stuck in this price area, unable to break out either up or down.
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The act clearly escapes the shark's trade and the crowd panics.
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Persephone_AM
FibonacciSupport and Resistance

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.
FibonacciSupport and Resistance
Persephone_AM

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.