two buy positions on the DXY (U.S. DOLLAR INDEX)

2024年12月20日

Here’s a structured plan for managing two buy positions on the DXY:


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1. Entry Plan

First Buy Position:

Entry: 107.000

Likely Reason: Anticipation of strong support at this level, possibly near a significant technical or psychological level.


Second Buy Position:

Entry: 107.830

Likely Reason: Market reversal or breakout confirmation at this higher level.


DXY

2. Risk Management

Stop-Loss Levels:

For the 107.000 position: Below 106.800 (to avoid a deeper pullback).

For the 107.830 position: Below 107.500 (to account for short-term fluctuations).


Position Sizing: Use smaller lot sizes for the second position if risk increases near resistance zones.



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3. Take-Profit Strategy

Conservative Targets:

For both positions, a short-term take-profit can be set at 108.200, which may align with minor resistance.


Aggressive Targets:

Extend profit-taking to 108.500 or 109.000, depending on momentum and fundamental triggers.




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4. Monitoring Key Levels

Support Zones:

Strong support at 107.000: Look for price consolidation here if it drops further.


Resistance Zones:

108.000–108.200: Watch for profit-taking or reversal at these levels.

109.000: A more aggressive upside target.