USD Index has shown a sell signal on the daily, it has shown a shift in market structure to the bearish on 1hr, and also performed a Break of Structure.
Currently, Price has shown a sharp rejection with a strong bullish candle which makes be believe Price is heading for the supply/resistance zone at 103.44 before the downtrend resumes.
I would advise looking out for buying opportunities up to 103.4 where I believe a rejection would kick in and Price would resume downtrend.
I would love to hear your thoughts 🤔, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Currently, Price has shown a sharp rejection with a strong bullish candle which makes be believe Price is heading for the supply/resistance zone at 103.44 before the downtrend resumes.
I would advise looking out for buying opportunities up to 103.4 where I believe a rejection would kick in and Price would resume downtrend.
I would love to hear your thoughts 🤔, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Note
Looking beautiful 😍💰💰💰💲🤑🤑🤑Trade closed: target reached
Target smashed...Follow me for more updates
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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.