DXY:The Monthly Potential Reversal Zone

TVC:DXY   U.S. Dollar Currency Index
The DXY dropped for a long time and it rallies to the potential reversal zone which may have strong resistance.
The 0.618RET of previous decline is at 101.8 and the 1.618 of previous rise locates at the same zone.
Meanwhile the previous structure also works at this zone.
So it is good to sell at 101-104 levels when price action gives the bearish signal in the PRZ.
SL:above 105
TP2:92 and further more
If the PRZ is broken out,107-109 will be seen in the future.
Trade active
Comment: Very nice,TP1 and TP2 reached.


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.