DxY Weekly Review & Trade iDeas
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Hi Mates, Doing weekly review on Dxy for trade posssibilities in coming sessions, So it Opened at 105.572 and after made weekly low of 105.517 and after made a weekly high of 106.839, the low was higher from previous week's low and the high was also higher from previous week's high, which indicates that price is giving initial indications of uptrend resusmption because price is following the same pattern from last some weeks.
So we got a weekly range of 105.517 (week low) to 106.839 (week high) and closed higher then last two swing tops resistance which i mentioned in last week review's too and this is indicating that price can move higher in coming week too. So i am sharing Trade idea on the basis of this collevtive data which included weekly high low and some some consolidations in channel which i marked on provide chart in this publication.
Bullish scene- It will break mentioned resistance directly and can do marked targets above after resistance break. (in this process we can see also that price will come down and test mention support and bounce from there)
Bearish scene- Can break mentioned support and can do marked target below on chart after this channel support break.
Rest i will update idea accordingly if any new trading opportunity will be available there.
trades mentioned above i will do on above or below hourly candle close basis, one can use own time frame for tracking this idea.
Weekly Chart With Long View
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
So we got a weekly range of 105.517 (week low) to 106.839 (week high) and closed higher then last two swing tops resistance which i mentioned in last week review's too and this is indicating that price can move higher in coming week too. So i am sharing Trade idea on the basis of this collevtive data which included weekly high low and some some consolidations in channel which i marked on provide chart in this publication.
Bullish scene- It will break mentioned resistance directly and can do marked targets above after resistance break. (in this process we can see also that price will come down and test mention support and bounce from there)
Bearish scene- Can break mentioned support and can do marked target below on chart after this channel support break.
Rest i will update idea accordingly if any new trading opportunity will be available there.
trades mentioned above i will do on above or below hourly candle close basis, one can use own time frame for tracking this idea.
Weekly Chart With Long View
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
Nota
Took same mentioned resisatnce by the price so far, made a fresh support too in paralle channel to if this fresh support will and close below can go to main support mates, Still waiting for a trade matesNota
Nice move after resistance break, Near to target 1 mates.Stop loss update- Now moving stop loss to entry price will close this trade on target one, if it will break target 1 and close above will go for a fresh trade in it. cause i assume that it will take resistance from target 1 and will come down for retest it's resistance below
Nota
Target update-:Target one complete mates after resistance break, so closing mine this trade will take a fresh trade if break and close target one. Sharing current view also for rejection and retest.
Cheers! it's a first target of the week mate.
Will update next if find something good to share
Nota
Target update-:All Targtes complete after resistance break
Good Gains Cheers, Closed my trades on identified targets very well.
Not closing this publication completely, will update this idea only if i will find anything very useful for sharing or any fresh trade according to marked levels on published chart
Trade chiuso: obiettivo raggiunto
Target complete according above mention updates and by the levels provided chart
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