Dxytradingsetup
DXY approaching support, potential for a bounce!
DXY is expected to drop to 1st support at 97.63 where it could potentially react off and up to 1st resistance at 98.40.
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Losses can exceed the initial investment so please ensure you fully
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DXY Long Trade Idea (5/7/19) 4HR Chart DXY Long Idea (5/7/19) 4HR Chart
- Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line .
- I am looking for the lower high to be formed on the overall bullish trend line , so once price reaches the 61.8% fib level and the 4hr disturbance
zone (orange).
- Once the reversal occurs, price will then reach at least our first fib target at 99.00
DXY Long Trade Idea (5/7/19) Daily Chart DXY Long Idea (5/7/19) Daily Chart
- Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line.
- I am looking for the lower high to be formed on the overall bullish trend line, so once price reaches the 61.8% fib level and the 4hr disturbance
zone (orange).
- Once the reversal occurs, price will then reach at least our first fib target at 99.00
(4HR Markup Linked Below)