DXY 90.64 - 0.14 % LONG IDEA * PRICE ACTION & REVERSAL PTTNS
Hey everyone
Hope you guys are good here's a look at the DOLLAR INDEX from the 4H chart, the index rallied down and failed to break support level 90.459 ranged just above this level currently trading in a more so descending channel now waiting for a breakout of this structure for intra-day set ups perfect to trade the top & bottoms of this structure on lower Time-frames but if you want to hold this one a break out in either direction could be a perfect opportunity to enter the trade once you have confirmed all your rules.
Now i will be looking for long entries on this one looking for a retracement to complete the "W" formation before we see some continuation on the index. level 91.75 is the structure just between the 50% FIB & 61.8 % FIB LEVEL which will be the target should we break above.
a break below changes the whole trading plan.
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
HAVE A GOOD ONE!
Hope you guys are good here's a look at the DOLLAR INDEX from the 4H chart, the index rallied down and failed to break support level 90.459 ranged just above this level currently trading in a more so descending channel now waiting for a breakout of this structure for intra-day set ups perfect to trade the top & bottoms of this structure on lower Time-frames but if you want to hold this one a break out in either direction could be a perfect opportunity to enter the trade once you have confirmed all your rules.
Now i will be looking for long entries on this one looking for a retracement to complete the "W" formation before we see some continuation on the index. level 91.75 is the structure just between the 50% FIB & 61.8 % FIB LEVEL which will be the target should we break above.
a break below changes the whole trading plan.
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
HAVE A GOOD ONE!
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