Dxylong
DXY Possible ReversalHello Traders
DXY has retraced 50% of its previous upward move.
So maybe it will do a reversal here.
Be careful of Liquidity Sweep in every USD pairs.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
DXY WEEKLYThis Ideas base on rally base rally with big demand zone and the previous resistance that makes support.
I think dollar would come back to 109.
As a Trader better lookout on GOLD, Once dollar high Gold will be DOwn too.
Trade base on your own decissions.
For more check me out, I post daily analysis. Thank you all
#DXY Heavy Bull DIvergence Daily - DPO AnalysisThe dollar is at a major horizontal support level.
The detrended price oscillator is showing major bull divergence building on the daily.
Can the bulls hold another round of the uptrend channel? or is this the end of the dollar bull market!
Use alerts on trend lines to help you stay on top of the technical analysis
Good luck!
Plan A or Plan B on this index?Hello, my dear friends and fellow traders.
What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position. But it has the potential to go up.
So, keep the trailing stop small in this. If you take it for a long time, there is a 1:2 RR chance of giving it. Also, it has a 1:8 chance of giving a good move to go up.
However, due to the current opposition, there are chances to stop this rally. So, the first profit target in this should be 1:2. Then if you want you can keep 1:8 but it depends on the system.
Till then wishing you a good luck on this strategy. See you in my next post.
It is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
CAPITALCOM:DXY
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
DXY Weekly - We Are Expecting an UP MOVE!Hey Traders, this is DXY Weekly chart, we are expecting DXY to correct upwards
We will ignore the sell setups and we will focus on the buy setups only.
P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses, never do that.
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis.
Trade with care
We Trade Waves Team
DXY Rate hike sparks fresh bears,17/1000, 12/1/2023Now! Short this market, you will get unimaginable profits! YOLO
DXY has been falling, causing a general uptick in all secondary markets right now
Has the dollar achieved its goal of cutting inflation? No!
Traders' hopes for a return to the bull market in the secondary market run counter to the Fed's control plan
SPX's breakthrough on the S line has already reflected the overly optimistic sentiment in the secondary market
Today's CPI may cause a new high in the US dollar rate hike, the short position in the secondary market is not over yet, and the price rebound is difficult to continue
DXY, Reversal in the makingDXY has been tanking recently due to less then expected NFP news. We can see a trendline being respected since June 2021 which we are correctively moving down in a descending channel to indicate a potential reversal is coming.
Look for buy opportunities only if all your entry criteria is met.
Follow your trading plan.
Thanks
Trade Safe