Get ready for rocket moveThe script made a double bottom pattern on weekly chart near important support zone.
I am expecting an up move from here onwards.
Doller
How to get a 4:1 Risk reward ratio trade in Doller index (DXY)Previously, DXY encountered a fail downside attempt.
Upon reversing, I entered the trade when RMO indicator (RMO by Lazybear) turned green
Stop loss : - Low of the Bar - (Range of the bar)
The index was initially supported by Kijun Sen but later it gave in. Lower Time frame DMI was also choppy. But, I stayed in trade as it didnot hit the SL
I took out the profit at levels mentioned in the chart.
The trade trade was carried with SL below EMA 20 and H2 DMI support.
The trade closed when price broke EMA20 .
Profits were taken at 1.2, 2.4 and 4.4 RR.
My initial target was 2:1 RR. But went very good
Gold Us ETFBuy Above 1310 For TARGET 1340-1380-1420
CMP 1288
SELL BELOW 1260 FOR TGT 1220-1200-1180
WEEKLY AT BUY 1285 WITH SL 1280 FOR TGT 1294
@Disclimer:- Make Own Research Before Take Action in Recos This Post only For Education Purpose Only
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Thanks !!
