TheSignalyst

DXY - Are You Ready?πŸ“ˆ

Long
TVC:DXY   U.S. Dollar Index
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

πŸ“‰ DXY has been overall bullish trading within the rising channel marked in red.

Currently, it is undergoing a correction phase, and approaching the lower bound of the channel.

Moreover, it is retesting a strong demand zone highlighted in orange.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower red trendline.

πŸ“š As per my trading style:
As #DXY is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

πŸ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Trading Made Simple; and Rule-Based
www.RichTL.com

Instagram:
www.instagram.com/richthesignalyst

Telegram:
www.t.me/thesignalyst

Best CFD broker
cutt.ly/TickmillReal
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.