DXY week 50 trading plan. Bearish market. Breakdown.
Overall uptrend
Monthly
Buyers market
Price towards for 2nd test of 100.00
Globally it looks like Cypher bearish formation with short from 100.00
Weekly
Bullish market
Daily
4H
Sideway move
Forming triangle with possible bearish breakdown from 96.80 and with end on 95.40
To Recap for week 50 I suggest stay bearish for DXY
Entering short on pullback
ENTRY 96.80
TP 95.60
SL 97.40
RR 2.39
Counter-trend trading.
Monthly
Buyers market
Price towards for 2nd test of 100.00
Globally it looks like Cypher bearish formation with short from 100.00
Weekly
Bullish market
Daily
4H
Sideway move
Forming triangle with possible bearish breakdown from 96.80 and with end on 95.40
To Recap for week 50 I suggest stay bearish for DXY
Entering short on pullback
ENTRY 96.80
TP 95.60
SL 97.40
RR 2.39
Counter-trend trading.
Transakcja zakończona: osiągnięto poziom stop:
- 54 pips