DXY Rejection at Key Resistance – Potential Drop Ahead

3 feb

This chart of the U.S. Dollar Index (DXY) on the 4-hour timeframe shows a strong rejection from the highlighted resistance zone around 109.800–110.000.

Key Observations:
- Rejection at Resistance: Price attempted to break above but faced strong selling pressure, leading to a rejection.
- Possible Downtrend Formation:** The price could now move lower, targeting the 1st target zone (~109.100–109.136) and potentially the **2nd target zone (~107.500–107.480)** if the bearish momentum continues.
- Break of Structure (BoS) & Change of Character (ChoCh): The previous market structure shifts indicate potential reversals, supporting the idea of a bearish move.

Conclusion:
A pullback from resistance suggests a possible downside move. If price fails to reclaim the resistance zone, a sell-off towards the marked targets seems likely. Watch for confirmation near the 1st target to assess continuation or reversal.

4 feb

Trade attivo

Congratulation 1st Target achieved

6 feb

Trade chiuso: obiettivo raggiunto

CONGRATULATOINS ALL TARGET ACHIEVED