Dollar Index chart looks weak as of now, it had broken 61.8% retracement for the upswing in consideration and heading downside. It probably test recent swing lows around 101 levels/
Hello Traders!
I mentioned in the last update of the BTC idea, how I started learning ICT concepts, around a month back. This is the first idea to be published based on those concepts. One must understand that these concepts are vast, and I've only begun it. Everything gets better with more and more practice.
1. Let's begin from 14th April 2023, where DXY...
DXY chance of making first triple bottom then we can see massive move orles it will cool down.
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Now currently the doller is very importan level, this chart is Doller inverted chart.
Year 1989, 1999, and 2016 multiple time this level is veryimportant resistant level, in the current market secnerio if the rate hike it is possible to breakout of doller price
In higher the doller price not good for emerging market like India
the price action show...
lets wait and react to the the market price currently its at the top near the level 105 and in daily it shows some rejection candles if it gives any entry near the yellow zone i could probably enter in a trade. look into monday open and will goooo.
educational purpose only not financial advise.
market is nearing a ressitance zone as well as a strong psych level 105 . lets wait and react to the market . may be we can look for sells if get a nice consolidation break and retest to the blue zone marked in the charts
5 Key Factors Shaping US Dollar Trading This Week
The US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week:
- US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt...
DXY making double bottom and tiring to break imp resistance if it breaks bxy will go to 113 level then we can expecting correction.
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#dxy #dollarindex - It shows signs of bottoming out!
It trades at 52 week lows , with a positive divergence on both MACD and RSI Indicators. !
Keep a close watch!
All the Posts/stocks ideas/view/levels are educational purposes only.
the price was consolidating in the weekly support zone for a period of time and during last week it broke the range by providing a big bullish candles in daily . since it broke the resistance now it becomes support so a retest or pullback to the zone would be amazing to look for the entries to get back in a trade
