Dollar Index (DXY): Your Trading Plan ๐ต
https://www.tradingview.com/x/WBPuKTlr/
After a massive selloff, Dollar Index retraced to a key horizontal resistance.
We can see that the market is currently consolidating within the underlined blue area.
To short the market with a confirmation, let the price break the support of the range.
4H candle close below 102.37 will confirm the violation.
A bearish continuation will be anticipated at least to 102.0 level then.
Alternatively, a bullish breakout of the resistance of the range will
extend the correctional movement at least to 102.86
โค๏ธPlease, support my work with like, thank you!โค๏ธ
After a massive selloff, Dollar Index retraced to a key horizontal resistance.
We can see that the market is currently consolidating within the underlined blue area.
To short the market with a confirmation, let the price break the support of the range.
4H candle close below 102.37 will confirm the violation.
A bearish continuation will be anticipated at least to 102.0 level then.
Alternatively, a bullish breakout of the resistance of the range will
extend the correctional movement at least to 102.86
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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