Fail To Win- Successful Bullish Trade DXY
Here we have a successful victory on DXY. Im going for a positional trader so you see multiple colored key areas on the chart. Price was bearish coming to my broken monthly level. I wanted to see a bullish reversal once price touches it and it did. A morning star reversal pattern formed and broke above my weekly dashed line trendline. Additionally, I wanted to see price reject the broken trendline in order to prove to that it continued direction is up! Price also caught some demand from my hourly demand level. Yay, and it did. Price reversed shortly from my hourly supply level to pick up some more bullish pressure from the broken demand level. This trade went for a 1:45RR. I was amazed and so excited to see my analysis play out this way!! Perseverance and patience are vital for failures to become winners in the long run. I wish to continue the marathon which is forex.
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