Trading Idea for EUR/USD with Confirmation from DXY
The DXY chart shows a QML (Quasimodo Level) already confirmed through a BOS (Break of Structure). The next step is a return to the OTE (Optimal Trade Entry) zone, where the daily order block (OB) is located. On DXY, we expect a reaction to the daily OB or the 4-hour GAP, signaling further index downside and confirming long entries on EUR/USD.
Scenario for EUR/USD:
DXY reacts to the daily OB or 4-hour GAP, confirming its decline.
This confirmation supports opening long positions on EUR/USD.
Entry on EUR/USD is made at the OTE zone from the daily OB.
An additional entry point is the 4-hour FVG on EUR/USD.
Strategy:
Confirmation: Reaction to the daily OB or 4-hour GAP on DXY.
Entry: Long EUR/USD from the daily OB or 4-hour FVG.
Stop-loss: Beyond the OB boundary.
Take-profit: At the true supply level.
Using DXY’s reaction as confirmation helps minimize risks and improves entry precision.
Scenario for EUR/USD:
DXY reacts to the daily OB or 4-hour GAP, confirming its decline.
This confirmation supports opening long positions on EUR/USD.
Entry on EUR/USD is made at the OTE zone from the daily OB.
An additional entry point is the 4-hour FVG on EUR/USD.
Strategy:
Confirmation: Reaction to the daily OB or 4-hour GAP on DXY.
Entry: Long EUR/USD from the daily OB or 4-hour FVG.
Stop-loss: Beyond the OB boundary.
Take-profit: At the true supply level.
Using DXY’s reaction as confirmation helps minimize risks and improves entry precision.
In my Telegram channel, you can find thoughts on the financial market, crypto, as well as charts and analysis on Forex and crypto. Occasionally, I also share my predictions and signals.
📊 Telegram: t.me/+653rN6lR6owwZDcy
📊 Telegram: t.me/+653rN6lR6owwZDcy
In my Telegram channel, you can find thoughts on the financial market, crypto, as well as charts and analysis on Forex and crypto. Occasionally, I also share my predictions and signals.
📊 Telegram: t.me/+653rN6lR6owwZDcy
📊 Telegram: t.me/+653rN6lR6owwZDcy
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