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LuxForex
Dec 9, 2022 10:38 AM

DXY 2 trades Setup Long

U.S. Dollar Currency IndexTVC

Description

Hi Traders,

Here's an update of what I am expecting to see on DXY.

I have made a confusion earlier with my analysis on DXY.

So after the bullish push to the revised supply zone, we should see a drop.

TVC:DXY

BEFORE OPENING YOUR TRADE:
- Remember risk management is 1-2% of your capital
- Take profit of your position partially. Don’t leave money on the table.
- Don't open too many orders at the same time
- Be patient
- Don't be so greedy
- Go to a lower timeframe to find break of structure and change of character (Choch). Remember No Choch – No Entry!
- DON’T FOLLOW IDEAS BLINDLY
- ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE!
YOUR TRADE IS YOUR DECISION!

If you have your own view about it, please share your thoughts in the comments.

Happy trading!
Comments
InvestMate
As far as I am concerned, the dollar is currently in the process of undergoing some sort of upward correction before falling further.
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