orvilleawright

DXY (4H) trading at lows of spike and channel

TVC:DXY   Indice devise Dollar U.S.
DXY (4H): Price is trading in a up channel after a sharp upward move. We are currently at the lower trend line of this bull channel. Price is clearly in a up trend. My upside targets are 98.1x (previous high) then 98.5x (upper measure move/previous high). I would not consider shorting until there is a strong breakdown of the up channel that brings price below the 50 SMA. My downside targets are 97.2x (resistance now support) then 96.3x (61.8% retracement, previous SR zone)

I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.