DXY ( BREAKOUT AND AGAIN INSIDE CHANNEL ) (4H)
DXY
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency, the price inside sensitive area , trading nearly turning level at 103.221 .
- Upward Zone : as long as the price should be breaking turning level at 103.221 , refers active upward zone , currently the price trading below turning level at 103.221 , to rising inside resistance zone between 103.690 & 104.477 , first thing for this rising reach of a resistance level (1) at 103.690 , by closing 4h candle above it easily reach next level at 104.477 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before .
- Downward Zone: until the price trading below turning level around 103.221 , indicates dropping to support level (1) around 102.736 , to confirm true decline , the price it will be breaking 102.736 , by closing 4h candle below it to reach support
level (2) at 102.310 , called support zone have been buying increase in this zone before .
TARGET LEVEL :
- RESISTANCE LEVEL : 103.690 , 104.477 .
- SUPPORT LEVEL : 102.736 , 102.310 .
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