"Plan the Short: DXY Targeting 98.004 "2. Current Price:
Around 99.587 💵
3. Indicators:
EMA 70 (Exponential Moving Average) ➡️ 99.442 📈
Price is dancing around the EMA, meaning trend is a bit bullish for now.
4. Chart Pattern:
Price moving inside an ascending channel 📈➰
Bouncing between channel support and resistance levels ⚡
5. Trading Plan:
Wait for price to reach the blue resistance zone ⬛ (around 100.5 to 100.9)
Look for sell (short) signals after reaching there ⛔
Expecting a reversal and drop down to target 98.004 🎯
6. Stop Loss & Target:
STOP LOSS: 🔴 100.870 (above resistance zone)
TARGET: 🎯 98.004
7. Key Observations:
Current Trend: Short-term bullish 📈 inside channel
Expected Move: Reach blue box ➡️ sell ➡️ fall toward 98.004 📉
News Events: Upcoming 📅🔔 (could create volatility)
Summary:
* 📈 Uptrend inside a channel.
* ⬛ Wait for price to hit the blue zone (100.5–100.9).
* ⛔ Look for short signals in the zone.
* 🔴 Stop Loss: 100.870.
* 🎯 Target: 98.004.
* ⚡ Watch out for news events that can move the market!
