Hi Mates, Doing weekly review on Dxy for trade posssibilities in coming sessions, So it Opened at 106.101 and after made weekly low of 105.535 and after made a weekly high of 106.787, the low was low from previous week's low and the high was also lower from previous week's high, which indicates that price is giving initial indications of that price can move sideways in coming ways and can do retracements towards swing highs or lows.
So we got a weekly range of 105.535 (week low) to 106.787 (week high), and now i am sharing Trade ideas on the basis of this collevtive data which included weekly high low and some some consolidations in channel which i marked on provide chart in this publication.
Bullish scene- It will break mentioned resistance and can do targets above marked.
Bearish scene- Can break mentioned channel support and can do marked target below on chart after this support break.
Rest i will update idea accordingly if any new trading opportunity will be available there.
Trades mentioned above i will do on above or below hourly candle close basis, one can use own time frame for tracking this idea.
This is not a trading advice this publication is meant for only learning purpose.
So we got a weekly range of 105.535 (week low) to 106.787 (week high), and now i am sharing Trade ideas on the basis of this collevtive data which included weekly high low and some some consolidations in channel which i marked on provide chart in this publication.
Bullish scene- It will break mentioned resistance and can do targets above marked.
Bearish scene- Can break mentioned channel support and can do marked target below on chart after this support break.
Rest i will update idea accordingly if any new trading opportunity will be available there.
Trades mentioned above i will do on above or below hourly candle close basis, one can use own time frame for tracking this idea.
This is not a trading advice this publication is meant for only learning purpose.
Comment:
Price reached exactly to mention support levels on chat, Still no trades taken so far will wait for a bounce or break mates
Comment:
After breaking channel support went very close to marked target below but did not complete it, and after price try to break channel support which actually turned resistance for if so finally it break after many attempt and now moving towards weekly high resistance if break we can see it will reach to above marked target soon mates