DXY 96.06 + 0.57 LONG IDEA * TREND CONTINUATION
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR INDEX.
* The DOLLAR INDEX is in a clear bullish trend that rejected at resistance level 96.238 creating a double top at this structure, but momentum to the down side is not so convincing of a reversal, the BULL FLAG and the the retest of this structure also confirms this.
* Now entering FIBONNACI LEVELS in the mix we see the index just tested 61.8 % fib rejection at this level with the bulls possibly signaling continuation.
break above of resistance level 96.238 signals continuation with the bulls a 3rd rejection might bring about momentum needed for reversals lets see how it goes...
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR INDEX.
* The DOLLAR INDEX is in a clear bullish trend that rejected at resistance level 96.238 creating a double top at this structure, but momentum to the down side is not so convincing of a reversal, the BULL FLAG and the the retest of this structure also confirms this.
* Now entering FIBONNACI LEVELS in the mix we see the index just tested 61.8 % fib rejection at this level with the bulls possibly signaling continuation.
break above of resistance level 96.238 signals continuation with the bulls a 3rd rejection might bring about momentum needed for reversals lets see how it goes...
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
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