Short

USD Index (DXY) Bearish Setup:Supply Zone Rejection Towards 95.5

🔸 Trend: Bearish 🐻
🔸 Structure: Descending channel 📉
🔸 Current Price: 98.444 💵
🔸 EMA (70): 98.908 ➡️ Acting as resistance ❗

🟦 Supply Zone (Resistance):

▪️ Zone: 98.643 - 98.908
▪️ 💥 Price is expected to react here and drop.
▪️ ⚠️ If broken up, setup invalid ❗

🎯 Trade Setup:

📌 Entry Point (Sell 📉):
➡️ 98.643 - 98.663

📌 Stop Loss (SL ❌):
➡️ 99.427 - 99.436 🚫 Above Supply Zone

📌 Target (TP ✅):
➡️ 95.500 🎯 Near bottom of the descending channel

💰 Risk/Reward Ratio: 🔥 Good setup (Approx. 3:1)

⚙️ Confluences:

🟢 Descending Channel ➕
🟢 Supply Zone (Resistance) ➕
🟢 EMA 70 Acting as Resistance =
💣 High probability for drop

⚠️ Risks to Watch:

⚠️ Break and close above 99.436 → ❌ Setup invalid
⚠️ USD news events 📅 → May cause volatility

✅ Summary:

⚙️ Setup Details 📌 Value

📉 Direction Bearish 🐻
🎯 Entry Zone 98.643 - 98.663
❌ Stop Loss 99.427 - 99.436
✅ Target 95.500

Jameshead007

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Related publications

U.S. Dollar Index (DXY) Bearish Setup – Supply Zone Rejection &

by Jameshead007

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Jameshead007

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