In my previous DXY analysis, I highlighted that all the bad news might already be priced in for the USD, opening the door for a reversal.
That scenario is now unfolding: after making new dips, the index bounced strongly from the 95 zone and is currently trading around 98.
After such a sharp rebound, the market looks ready for a correction. This pullback phase could provide traders with attractive opportunities – especially to position short on the major USD pairs, but at better, higher prices.
Trading Plan:
• The reversal has confirmed, but I expect a correction before continuation.
• I’m looking for retracements to offer entry levels for USD shorts via majors.
• As always, flexibility is key – monitor price action closely to time entries correctly.
The market has started to shift – now it’s about waiting for the correction to align risk and reward properly. 🚀
That scenario is now unfolding: after making new dips, the index bounced strongly from the 95 zone and is currently trading around 98.
After such a sharp rebound, the market looks ready for a correction. This pullback phase could provide traders with attractive opportunities – especially to position short on the major USD pairs, but at better, higher prices.
Trading Plan:
• The reversal has confirmed, but I expect a correction before continuation.
• I’m looking for retracements to offer entry levels for USD shorts via majors.
• As always, flexibility is key – monitor price action closely to time entries correctly.
The market has started to shift – now it’s about waiting for the correction to align risk and reward properly. 🚀
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.