Hi mates, Sharing daily time frame chart of DXY as it is looking that price bounced and trying to reverse from a long support and closed above resistance which earlier was a good support for it so i am planning to go long in it as a reversal trade here R:R seems very attractive to me, This analysis is completely based on price action nothing else i used in this. much awaited for your valuable feedbacks support and views for it kindly share, Thanks in advance.
Targets based on supply zone and falling resistance.
Long Support-:
This is not and trade or investment advice. This publication is meant for only learning purpose.
Regards- Amit
Targets based on supply zone and falling resistance.
Long Support-:
This is not and trade or investment advice. This publication is meant for only learning purpose.
Regards- Amit
Trade active:
It seems that bounce is sustain above resistance, just checked hourly chart it is looking that it could retest it's support again, keep on watch
Trade active:
Breaching yesterday's high it is good sign of reversal trending up
Trade active:
Price again retested support and trying to reaching target 1
Comment:
Price almost touched resistance target 1 on last session, now hoping that will cross that resistance and look forward towards target 2. Higher high day closing gives some more confidence to me
Comment:
Resistance target one complete, waiting for this resistance break
Trade active:
Reached very close to falling trendline, it is very complicated area to be going on for it for final target
Trade closed: target reached:
Target accomplished 103.372 from 101.085 mentioned on this publication, i am so happy by closing this trade as target cheers mates thank you for support
