DXY (1D Timeframe) Analysis
Market Structure:
The price has broken below the uptrend support, signaling a potential shift from bullish to bearish momentum. This breakdown indicates that buyers were unable to sustain the upward trend, leading to increased selling pressure. Additionally, a sell engulfing candlestick has formed, further confirming bearish sentiment.
Forecast:
A sell opportunity is expected as the breakdown of uptrend support and the sell engulfing pattern suggest further downside movement.
Key Levels to Watch:
- Entry Zone: After a confirmed breakdown and possible retest of the broken support as resistance.
- Risk Management:
- Stop Loss: Placed above the broken support or recent swing high.
- Take Profit: Target lower support zones for potential downside movement.
Market Sentiment:
The combination of the uptrend support breakdown and a sell engulfing pattern indicates that bearish momentum is increasing. Waiting for confirmation of continued selling pressure will help align with the prevailing market trend.
Market Structure:
The price has broken below the uptrend support, signaling a potential shift from bullish to bearish momentum. This breakdown indicates that buyers were unable to sustain the upward trend, leading to increased selling pressure. Additionally, a sell engulfing candlestick has formed, further confirming bearish sentiment.
Forecast:
A sell opportunity is expected as the breakdown of uptrend support and the sell engulfing pattern suggest further downside movement.
Key Levels to Watch:
- Entry Zone: After a confirmed breakdown and possible retest of the broken support as resistance.
- Risk Management:
- Stop Loss: Placed above the broken support or recent swing high.
- Take Profit: Target lower support zones for potential downside movement.
Market Sentiment:
The combination of the uptrend support breakdown and a sell engulfing pattern indicates that bearish momentum is increasing. Waiting for confirmation of continued selling pressure will help align with the prevailing market trend.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅ Discover my trading strategies signals educational resources 👇
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.