DXY Update || Forex || 16 Jan

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If the price remains above the critical level of 103.606, it indicates strength and bullish sentiment in the market.

Wait for Confirmation:
Observe the price movement and wait for the formation of a single green candle. This candle could signify a positive shift in momentum.

Action Plan:
Consider planning another trade, preferably a long (buy) position, as the conditions suggest a potential upward movement.

Risk Management:
However, be cautious, and avoid selling unless the price drops below 102.9. This level serves as a precautionary threshold, ensuring you don't enter a trade against the prevailing trend.

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.