📅Date: 10/14/2022 ➡️Trading instrument: DXY 📊Priority direction: SELL 💬Comment:The focus of attention for today on DXY is a large range of 109 - 114. The price at the time of writing this trade idea is right in the middle of this range. The entry point is not the most comfortable, it is much more conservative to consider trade at the upper or lower borders of the range. One at level 112, we can bind the entry point for sell (the entry point itself should be looking for on time periods H1 and below). There is a good chance that the price will break through this level and if buyers are unable to return the price above 112 again, the instrument would rush up to 114. The most profitable target for selling for the main scenario is not lower than 109,500.
➖➖➖➖➖➖➖ 👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Comment
⋅
What is your opinion on the index?🤔
Comment
⋅
The "bear offensive" continues. In the near future, I expect a further downtrend towards the level of 110.
Comment
⋅
Most likely, at the beginning of the week, we should expect consolidation at / below the level of 112 and then the instrument would rush to 110.
@Viktor_Vladzimirovich 120 very soon. You trying to short DXY so hard, but it will keep going up, after reach cool-down. I will reach 150-160 levels in 2025-2026
TradePlus-Fx
⋅
@ilia-kalia, The movement to 110 for the dollar index is not scary, I would not talk about a strong short for this instrument either, but at the moment a rollback is very likely (based on my volume analysis) More globally, I suppose we would continue to rise...
ilia-kalia
⋅
@Viktor_Vladzimirovich prepare. We will dive down this week, DXY will pump very soon.