DXY Long Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Currently we are looking for long positions inline with the overall trend. Price action is now consolidating in a range. To enter long we Ideally want to see a higher low above resistance at 91.950 with confirmed bullish setups. Target higher toward negative fib levels.
Trade scenario 2: Price action could fall to the bottom of the range presenting a lower timeframe short opportunity. To consider usd primarily bearish we need to see a bearish break of this range with a lower high below. Target lower toward major levels of support.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Currently we are looking for long positions inline with the overall trend. Price action is now consolidating in a range. To enter long we Ideally want to see a higher low above resistance at 91.950 with confirmed bullish setups. Target higher toward negative fib levels.
Trade scenario 2: Price action could fall to the bottom of the range presenting a lower timeframe short opportunity. To consider usd primarily bearish we need to see a bearish break of this range with a lower high below. Target lower toward major levels of support.