DXY 96.07 - 0.74% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS
Updated
HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE
SOME OPPORTUNITIES THIS WEEK.
LOOKING AT THE DOLLAR INDEX
* The index has been trading in a bullish trend that lost momentum as we enter a reversal pattern that is now range-bound within the support & resistance .
* Looking for a double bottom formation within this range unless we see a breakout or changes in momentum.
* looking for reversals in the form of a double bottom, should we see continuation with the bulls, the plan changes.
ON THE HOULRY CHART - We are within a descending structure that could support that double bottom.
https://www.tradingview.com/x/kVU0UqHp/
- looking for shorts on the dollar index , a break above changes the whole plan.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE
SOME OPPORTUNITIES THIS WEEK.
LOOKING AT THE DOLLAR INDEX
* The index has been trading in a bullish trend that lost momentum as we enter a reversal pattern that is now range-bound within the support & resistance .
* Looking for a double bottom formation within this range unless we see a breakout or changes in momentum.
* looking for reversals in the form of a double bottom, should we see continuation with the bulls, the plan changes.
ON THE HOULRY CHART - We are within a descending structure that could support that double bottom.
https://www.tradingview.com/x/kVU0UqHp/
- looking for shorts on the dollar index , a break above changes the whole plan.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Trade active
Related publications
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.