Hello Traders,
Hope you all are doing good!!
This trade idea is very straightforward as shown in the chart.
DXY is moving in full momentum after facing a big fall in this pandemic.
Currently the price is jumping off the short term/weekly trend line.
The price is reaching the overbought zone however, I expect the price to reach 94.8 mark before doing a correction.
If the price breaks below the weekly trend line, the next support is at 93.5 which is 61.8% Fib retracement of 94.8 target.
We will look for further LONG oportunities at this level.
TP @ 94.8
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.
Hope you all are doing good!!
This trade idea is very straightforward as shown in the chart.
DXY is moving in full momentum after facing a big fall in this pandemic.
Currently the price is jumping off the short term/weekly trend line.
The price is reaching the overbought zone however, I expect the price to reach 94.8 mark before doing a correction.
If the price breaks below the weekly trend line, the next support is at 93.5 which is 61.8% Fib retracement of 94.8 target.
We will look for further LONG oportunities at this level.
TP @ 94.8
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.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
Related publications
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.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
Related publications
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.