DXY – Double Top Breakdown & Bearish Continuation Setup

16 ott

DXY has confirmed a Double Top pattern, signaling exhaustion in bullish momentum. The neckline breakdown has already occurred, confirming a shift in structure from bullish to bearish.

After this decisive break, price is now showing signs of continuation to the downside. The neckline area has flipped into resistance, and sellers are expected to dominate as long as DXY remains below that level.

Momentum and volume both support a bearish scenario — institutions appear to be offloading positions, fueling the next wave of selling pressure. A big bearish candle from this zone could confirm acceleration toward the lower support levels.

💡 This is a classic continuation setup — strong breakdown, minor retest, and potential bearish expansion ahead.

🎯 Technical Target Levels / Support Zones:
First Target: 97.675
Second Target: 97.140
Third Target: 96.450

⚠ Setup Notes:
As long as DXY stays below the neckline resistance, the bearish structure remains valid.
A strong bullish candle closing above the neckline would invalidate this setup.

🚨 This is not financial advice. Always trade with discipline, patience, and proper risk management.

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17 ott

Trade attivo

trade is Active

4 giorni fa

Trade chiuso: obiettivo raggiunto

📊 Trade Update – DXY

DXY moved perfectly in line with the analysis, reaching 50% of the target zone before reversing.
After hitting the partial target, price pulled back and eventually reached the breakeven level, closing the trade at no loss.

The move showed strong initial momentum before sellers stepped back in, leading to a short-term correction.

🎯 Trade Recap:
• 50% Target – Hit ✅
• Final Result – Breakeven after reversal 🔁

💡 Securing partial profits along the way helps lock in gains and protect capital when market momentum starts to fade.
🚨 This is not financial advice. Always trade with discipline and manage risk properly.

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