DXY,
The current price action at the monthly TF is not strong enough to go forward.
Strong supply zone at the Weekly and Daily TF.
Currently the bears are controlling the game, possible to continue dropping till the Weekly & Daily Demand Zone (94.670 - 93.710) where long is possible
DXY Buy Idea @ Weekly Demand Zone (94.670 - 93.710)
Buy Limit: 94.670
Stop Loss: 93.535
Take Profit: 97.002
Risk Management = 0.01/$100, With Stop Loss
Risk Management = 0.01/$200, No Stop Loss
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:2 – 1:3
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of the profit
The current price action at the monthly TF is not strong enough to go forward.
Strong supply zone at the Weekly and Daily TF.
Currently the bears are controlling the game, possible to continue dropping till the Weekly & Daily Demand Zone (94.670 - 93.710) where long is possible
DXY Buy Idea @ Weekly Demand Zone (94.670 - 93.710)
Buy Limit: 94.670
Stop Loss: 93.535
Take Profit: 97.002
Risk Management = 0.01/$100, With Stop Loss
Risk Management = 0.01/$200, No Stop Loss
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:2 – 1:3
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of the profit