DXY: Qualified Trendline-Break
Updated
By connecting the latest Level 3 TD Supply Points on the US Dollar Currency Index Chart (4hrs), we see a long Trendline. The Continuation of the Trendline between both Points was drawn by the TD lines Script, while the Line that connects both TD Points (to be exact: the wicks/ the high-values of that candles are connected) was drawn by Hand to better illustrate the Trendline.
The Trendline was broken and R:R based SL/TP values have been calculated automagically. Assuming 1:3, SL is at 94.07 and TP at 95.
The Trendline was broken and R:R based SL/TP values have been calculated automagically. Assuming 1:3, SL is at 94.07 and TP at 95.
Trade closed: target reached
Reliable as we know it: after crossing the Trendline, the Profit Target was hit a few hours ago!
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