Setup based on if the USDX is posed to move higher.
3 ways to get long
1. Wait for price to reach 0.98890 level for a buy
2. Price continues to move lower wait until price hits 0.98535 level( Previous low) for a buy.
3. Price continues to move even lower, wait for a stop run into daily low @ 0.98355 level . I want to see a rejection at this level for a buy.
Either buy as price is moving aggressively towards 0.98355 level, let price move 10-20 pips below for a buy or wait for a rejection and hunt for bullish setup
for a buy.
Target: 1.02365 level
Always to your own research. Good luck.
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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.