GOOD DAY TRADERS...
HERE'S A SHORT IDEA ON THE DXY
> THE DXY HAS BEEN STRUGGLING A BIT IN RECENT SESSIONS DUE TO NEWS THAT SOME US STATES ARE ON THE VERGE OF EASING THEIR LOCKDOWN MEASURES GETTING BUSSINESSES BACK TO WORK
> THE INDEX BROKE OUT OF THE ASCENDING CHANNEL ON THE 4H CHART, LOOKS LIKE WE WILL RETEST THE STRUCTURE LOOKING AT FIB EXTENSION78.6% FOR THE RETEST THEN LOOKING FOR GOOD ENTRIES TO SHORT TARGETING FIB EXTENSION 38.2%
>IF THE CHANNEL HOLDS AND WE SEE RISE INTO THE CHANNEL LOOKING FOR LONGA ON THE INDEX....
PERIOD - SWING
RISK MANAGEMENT...
>> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT.
HERE'S A SHORT IDEA ON THE DXY
> THE DXY HAS BEEN STRUGGLING A BIT IN RECENT SESSIONS DUE TO NEWS THAT SOME US STATES ARE ON THE VERGE OF EASING THEIR LOCKDOWN MEASURES GETTING BUSSINESSES BACK TO WORK
> THE INDEX BROKE OUT OF THE ASCENDING CHANNEL ON THE 4H CHART, LOOKS LIKE WE WILL RETEST THE STRUCTURE LOOKING AT FIB EXTENSION78.6% FOR THE RETEST THEN LOOKING FOR GOOD ENTRIES TO SHORT TARGETING FIB EXTENSION 38.2%
>IF THE CHANNEL HOLDS AND WE SEE RISE INTO THE CHANNEL LOOKING FOR LONGA ON THE INDEX....
PERIOD - SWING
RISK MANAGEMENT...
>> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT.
Trade closed: target reached
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