DXY - Medium Term Overview - MUST SEE 🌟
DXY has been in a steady uptrend with multiple bounces off the ascending trendline. There were plenty of opportunities to use DXY to make incredible gains on USD pairs.
We may have yet another opportunity to use DXY to get that extra confluence when trading USD pairs.
We recently broke the ascending trendline and in a bearish pennant. It is likely that we will be bearish back to the ascending trendline where we have mutiple confluences supporting the bounce - as indicated on the chart.
Trade Idea:
- Look for USDXXX Short ideas and XXXUSD Long ideas
- Correlate your chart with the DXY chart so that you can get in and out at the right moment
Hope this helps. Let me know your thoughts below.
Goodluck and as always, trade safe!
We may have yet another opportunity to use DXY to get that extra confluence when trading USD pairs.
We recently broke the ascending trendline and in a bearish pennant. It is likely that we will be bearish back to the ascending trendline where we have mutiple confluences supporting the bounce - as indicated on the chart.
Trade Idea:
- Look for USDXXX Short ideas and XXXUSD Long ideas
- Correlate your chart with the DXY chart so that you can get in and out at the right moment
Hope this helps. Let me know your thoughts below.
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.