Hi Mates, Doing weekly review on Dxy for trade posssibilities in coming sessions, So it Opened at 104.264 and after made weekly low of 104.025 created a base near to this weekly low and after made a wekly high of 105.157
So we got a weekly range of 105.157 (week high) to 104.025 (week low) in which this week's low was near to previous week's high indicating a positive directional price movement.
Trade Ideas-:
Currently the price direction indicating that it will going to touch channel support for a bounce from there or break, So sharing my trade ideas below.
Bullish scene- It can break weekly high resistance directly and can do next mention target on chart after resistance break.
Bearish scene- Can break channel support and can do mention target on chart after channel support break.
trades mentioned above i will do on above or below daily candle close basis, one can use own time frame for tracking this idea.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit