Dave-FX-Hunter

Dollar index is in the H4 zone. Here is a plan

TVC:DXY   U.S. Dollar Index
🎯Dollar index is in the H4 zone and the bottom of the channel. Here is what must happen on the H1 timeframe to confirm bullishness. We need a break of the trendline (it's happening now, but full body candle closeout is better). Secondly wee needs the break of the structure (previous high) once this happens pull back to the new zone where the power for that break was accumulated and then long there. it will affect the other majors as the EURUSD is in the zone too.

Big picture view


This is a pre-plan M, W, D, H4 Time-frames trends and Parallel Channels. I will execute on the M30 at the institutional level if all conditions are met.

✅ Traders, you are welcome to share your charts, thoughts and questions lets discuss it.

Wish you a good hunt !!

Dave FX Hunter ⚔

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❗❗ This is Pre-plan
That means my view can change, depending on how the price will arrive at the level and what will be happening on the M30 in my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.

❗❗ DISCLAIMER
We are the only one person who is responsible for our health, relationships, success, and money in our lives. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. The author of the analysis does not accept liability for any loss or damage.

❗❗ Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
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