DXY Bullish Reversal Setup – Long Entry from Support Zone Toward

14 Apr

EMA 30 (Red Line): Currently at 99.700 — tracks short-term trend, and price is hovering near this level.

EMA 200 (Blue Line): At 100.935 — indicates long-term trend, acting as dynamic resistance above.

📈 Trade Setup
✅ Entry Point:
Price: 99.699

Rationale: This level has been tested multiple times, forming a support zone. A bounce here signals a potential long entry.

🎯 Target Point (Take Profit):
Price: 102.738

Distance: ~3.04 points or 3.43% potential move upward.

Note: Marked as EA TARGET POINT, which suggests a calculated area possibly based on previous resistance or algorithmic strategy.

🛑 Stop Loss:
Price: 98.624

Reasoning: Just below the defined support zone (highlighted purple area), ensuring protection against downside breakouts.

📊 Risk-to-Reward Ratio
Entry: 99.699

Target: 102.738 → Gain of ~3.04

Stop: 98.624 → Risk of ~1.08

R/R Ratio: ~2.8:1 — favorable setup

📌 Overall Sentiment
This chart indicates a bullish reversal setup from a strong support zone, possibly targeting a mean reversion or trend reversal toward the 200 EMA and beyond.

However, keep in mind:

The price is currently below both EMAs, so the trend is still bearish.

The trade is counter-trend, relying on support holding and momentum shifting.

16 Apr

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