DXY Masterclass: Expert Price Action Strategies Unveiled

DXY AlexGoldHunter Technical Analysis Using Price Action Technique
Key Levels and Patterns
Resistance Levels:

Top Resistance Band (RB): Around 107.500

Lower Resistance Band (RB): Around 106.000

Support Levels:

Target Support: Around 105.500

Another Support Target: Around 104.000

Fibonacci Retracement Levels:

0.382: 106.835

0.5: 106.662

0.618: 106.489

0.786: 106.270

Break of Structure (BOS):

Multiple BOS points indicating significant changes in price direction.

Market Structure Shift (MSS):

Points where the market trend changes direction.

Equal Highs:

Level where the price has reached the same high multiple times near 107.500.

Indicators
RSI (Relative Strength Index):

Levels around 63.82, 57.11, and 40.00 indicating overbought and oversold conditions.

MACD (Moving Average Convergence Divergence):

Signal lines and histogram showing bullish or bearish momentum.

Buy Strategy
Entry Point:

Look for a bullish reversal pattern near the Fibonacci retracement levels (0.5 or 0.618) around 106.662 or 106.489.

Confirmation of a higher low or a bullish candlestick pattern (e.g., hammer, engulfing) near these levels.

Stop Loss:

Place a stop loss below the recent swing low or below the 0.786 Fibonacci level (106.270).

Take Profit:

Initial target at the resistance level around 107.500.

Further targets can be set at the higher resistance bands around 108.000.

Sell Strategy
Entry Point:

Look for a bearish reversal pattern near the resistance level around 107.500.

Confirmation of a lower high or a bearish candlestick pattern (e.g., shooting star, bearish engulfing) near these levels.

Stop Loss:

Place a stop loss above the recent swing high or above the resistance band around 107.800.

Take Profit:

Initial target at the support level around 106.000.

Further targets can be set at the lower support levels around 105.500 or 104.000.

By using these price action techniques, you can identify potential buy and sell opportunities based on key support and resistance levels, trend analysis, and indicator confirmation. Remember to practice good risk management and stay updated with market conditions. Happy trading! 📈📉
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