DXY Bullish move| 🔹 Pair / TF | DXY, 1 h → Lower Timeframes |
| 🔹 Bias | Bullish (buying potential support) |
📊 Key Levels
Level: ~99.117 (orange shaded zone)
Role: Recent Swing Low / Potential Support Zone
Level: ~98.744
Role: Lower boundary of the potential support zone
Level: ~99.727
Role: Potential Resistance (previous swing high)
Level: ~100.116
Role: Higher Potential Resistance
🚨 Trigger
Price has recently touched the ~99.117 - ~98.744 orange shaded zone, which appears to be acting as a potential support area.
There are signs of potential rejection from this zone, indicated by the recent upward price action.
Look for bullish confirmation signals on lower timeframes within this zone.
✅ Confirmation
Observe lower timeframes (e.g., 15m, 5m) for bullish reversal patterns such as double bottoms, bullish engulfing candles, or pin bars forming within the support zone.
The volume indicator at the bottom shows increasing buying volume within the support zone, suggesting potential accumulation.
Look for the Stochastic or RSI on lower timeframes to show oversold conditions followed by a bullish crossover or break above a downward trendline.
No significant bearish momentum or strong selling volume evident as price tests the support zone.
🎯 Entry & Stops
| 🔶 Entry Zone | ~99.117 – ~98.800 (within the potential support zone) |
| 🔴 Stop-Loss | Below the lower boundary of the support zone, potentially around ~98.600 - ~98.500 to allow for some buffer |
Place a Buy Limit or Buy Stop order within the entry zone, depending on your preferred entry style and confirmation.
Risk: Determine your position size based on your risk tolerance and the calculated stop-loss in pips.
🎯 Profit Targets
| Target | Level | Pips (approximate) | RRR |
| :----- | :--------- | :----------------- | :--------- |
| T1 | ~99.727 | ~60-70 | 1 : 1 or better |
| T2 | ~100.116 | ~100-120 | 1 : 1.5 or better |
Scale out:
Consider taking partial profits at T1.
Let the remaining position run towards T2, potentially adjusting your stop-loss to breakeven or in profit.
⚙️ Trade Management
Once the trade is in profit (e.g., reaching a certain pip gain or T1), consider moving your stop-loss to breakeven to protect your capital.
Monitor price action around T1. If there are strong signs of selling pressure, consider closing the remaining position.
Pay attention to any potential resistance levels or significant selling volume as price approaches your target levels.
🔑 Rationale
Price is testing a recent swing low area, which has the potential to act as support.
Increasing buying volume within the support zone suggests that buyers are stepping in.
Bullish reversal patterns on lower timeframes would confirm the rejection of the support zone.
Aiming for the previous swing high (~99.727) and the higher potential resistance (~100.116) provides logical profit targets.
⚡ Highlight:
This is a bank-order-flow style fade, looking to buy at a potential support zone after a recent pullback, anticipating a reversal and continuation of potential upward momentum. The increasing buying volume within the support zone is a key observation.
