TradingView
VasilyTrader
Feb 2, 2024 9:05 AM

Dollar Index (DXY): Trading Plan Ahead of Payrolls 💵 Long

U.S. Dollar Currency IndexTVC

Description



Dollar Index is testing a support of a horizontal range on a daily now.

Ahead of the non-farm payrolls report, watch carefully the intraday price action.
The price is currently consolidating within a narrow range on an hourly time frame.

Its resistance breakout can give us a strong bullish confirmation.

Hourly candle close above 103.1 will confirm a violation,
a bullish continuation will be expected at least to 103.25

Remember that a bearish violation of a support of the range on a daily will invalidate the setup.

❤️Please, support my work with like, thank you!❤️
Comments
Setupsfx_
Agree with you!
VasilyTrader
Wait for a breakout of the resistance of the range on 1H, it will be your strong bullish confirmation!
More