This trade idea is very straightforward and simple. DXY is more likely showing the reversal pattern & bounced back from 9 years old trend line. RSI showing bullish divergence on 4H.
I will wait for the price to break above the dotted trend line in order to confirm the reversal.
TP @ 93.50
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Trade closed: target reached
We have reached the target. You can take profits here or if you want to carry on the trade, you can move your SL to 92.50 & next TP @ 93.90
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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.