Bearish Crab pattern
Profit Targets:
* Entry (1.681 FIB X to A): $102.654
* Stop Loss: $102.867
* 1TP (First Target Price): $101.756
* 2TP (Second Target Price): $100.858
Risk Management: My strategy includes a structured plan for realizing profits at predetermined levels, which aids in managing risks and ensuring gains.
Personal Opinion: This is my viewpoint. I recommend others to consider taking profits in a staggered manner, according to the levels I have outlined.
Please note that this is a subjective analysis. Market conditions are prone to change unpredictably.
Traders should conduct their research and evaluate their risk tolerance before implementing any trading strategy.
Profit Targets:
* Entry (1.681 FIB X to A): $102.654
* Stop Loss: $102.867
* 1TP (First Target Price): $101.756
* 2TP (Second Target Price): $100.858
Risk Management: My strategy includes a structured plan for realizing profits at predetermined levels, which aids in managing risks and ensuring gains.
Personal Opinion: This is my viewpoint. I recommend others to consider taking profits in a staggered manner, according to the levels I have outlined.
Please note that this is a subjective analysis. Market conditions are prone to change unpredictably.
Traders should conduct their research and evaluate their risk tolerance before implementing any trading strategy.
Comment:
DXY appears bullish; on the 4-hour chart, we observe a 'three white soldiers' pattern, indicating a bullish trend. Furthermore, the price has broken out of the falling wedge pattern. If we close above the trend line today, we are likely to head back toward a high of $104.5
Comment:
DXY is creating a diamond pattern, which suggests that if the price closes below 102.3, it could drop towards 101.15. Conversely, if the price closes above 102.65, it has the potential to reach 103.7
Trade closed: stop reached:
As I said we are heading now toward 103.7