welcomeno1

long positions on DXY

TVC:DXY   U.S. Dollar Index
looking at the DXY on the daily timeframe , the market is recently trending within a consolidation phase, we will look for a potential reduction in price to retest the recently formed 1hr/4hr demand zone , we will be looking to take long positions upon the retest of the demand zones , pushing the price to the upside, a break below the recently formed daily swing low will result in a bit of a deeper retracement before the continuation of the rally

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.