Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
All eyes on DXY, what's next!
As we can see price is still overall bearish, Making clean lower lows and lower highs
However, price managed to break above our resistance zone and traded higher, so as the price will be approaching again our support zone, we will be looking for new longs.
Meanwhile, for the bulls to kick in from a long-term perspective we need a break above the marked major swing high marked on the chart.
Then a further movement higher would be expected, till the upper resistance zone lining up with a previous major low broken downward.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
All eyes on DXY, what's next!
As we can see price is still overall bearish, Making clean lower lows and lower highs
However, price managed to break above our resistance zone and traded higher, so as the price will be approaching again our support zone, we will be looking for new longs.
Meanwhile, for the bulls to kick in from a long-term perspective we need a break above the marked major swing high marked on the chart.
Then a further movement higher would be expected, till the upper resistance zone lining up with a previous major low broken downward.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!