After taken liqudity of the sellseide and fill the fvg of monthly and change of structure ( Market structure Shift ) and rejection of order block we will see increase of the price to fill FVG of donwn trend and take liqudity of the buyside we will look opportunities of the buy position in low time frame
Looking to take long positions,upon the level in which the market recently broke out of which confluence with the inner h1 Demand zone
DXY - Daily chart - Price is very near to the daily/H8 demand zone which is my buy entry. Waiting for price to dip down a bit more before taking longs on dxy pairs and selling other majors fx pairs.
The U.S. dollar index was flat yesterday after the number of Americans applying for unemployment benefits rose to an unexpected five-month high. The biggest move within the basket was against the Aussie dollar, which fell 1% to its lowest in nearly a month after an abrupt weakening of the Australian labor market. The last dip is likely to be limited to 98 while...
Dollar index is approaching our first support level at 95.77 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 97.24 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (89,5,3)...
Key levels to look out for Dollar index, please refer to our h4 chart for a strategic view!