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PULEMokhothu
Jan 4, 2022 8:00 AM

DXY 96.28 +0.06% LONG IDEA * PRICE ACTION & REVERSAL PATTERNS Long

U.S. Dollar Currency IndexTVC

Description

HELLO EVERYONE

HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR INDEX .

* The index broke out of a ascending channel but seems the channel might not be out of play as of yet.
- Short term the index is currently completing a possible inverted H&S formation on the 4h chart.
- Looking for long entries on the metal this week should all the rules of the formation be met.
lets see how it goes


IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Comments
HayeTrading
Dollar back down to the bottom of range after a big candle on Non-farm payroll news. Interesting analysis, followed 👍
PULEMokhothu
I appreciate that @HayeTrading, we can only react to what the market gives us but we can't react without plans going in you know 🤷🏾‍♂️ thnx for the follow I hit you back
MoneyFishing
Agree, nice insights!
PULEMokhothu
appreciate it @MoneyFishing, thank you
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