In my previous DXY analysis, I highlighted that all the bad news might already be priced in for the USD, opening the door for a reversal.
That scenario is now unfolding: after making new dips, the index bounced strongly from the 95 zone and is currently trading around 98.
After such a sharp rebound, the market looks ready for a correction. This pullback phase could provide traders with attractive opportunities – especially to position short on the major USD pairs, but at better, higher prices.
Trading Plan:
• The reversal has confirmed, but I expect a correction before continuation.
• I’m looking for retracements to offer entry levels for USD shorts via majors.
• As always, flexibility is key – monitor price action closely to time entries correctly.
The market has started to shift – now it’s about waiting for the correction to align risk and reward properly. 🚀
That scenario is now unfolding: after making new dips, the index bounced strongly from the 95 zone and is currently trading around 98.
After such a sharp rebound, the market looks ready for a correction. This pullback phase could provide traders with attractive opportunities – especially to position short on the major USD pairs, but at better, higher prices.
Trading Plan:
• The reversal has confirmed, but I expect a correction before continuation.
• I’m looking for retracements to offer entry levels for USD shorts via majors.
• As always, flexibility is key – monitor price action closely to time entries correctly.
The market has started to shift – now it’s about waiting for the correction to align risk and reward properly. 🚀
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
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.