DXY Momentum Trade - 23/Sep/20
Hello Traders,
Hope you all are doing good!!
This trade idea is very straightforward as shown in the chart.
DXY is moving in full momentum after facing a big fall in this pandemic.
Currently the price is jumping off the short term/weekly trend line.
The price is reaching the overbought zone however, I expect the price to reach 94.8 mark before doing a correction.
If the price breaks below the weekly trend line, the next support is at 93.5 which is 61.8% Fib retracement of 94.8 target.
We will look for further LONG oportunities at this level.
TP @ 94.8
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Hope you all are doing good!!
This trade idea is very straightforward as shown in the chart.
DXY is moving in full momentum after facing a big fall in this pandemic.
Currently the price is jumping off the short term/weekly trend line.
The price is reaching the overbought zone however, I expect the price to reach 94.8 mark before doing a correction.
If the price breaks below the weekly trend line, the next support is at 93.5 which is 61.8% Fib retracement of 94.8 target.
We will look for further LONG oportunities at this level.
TP @ 94.8
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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