DXY 96.07 - 0.74% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS

21 Mar 2022

HEY EVERYONE

HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE
SOME OPPORTUNITIES THIS WEEK.
LOOKING AT THE DOLLAR INDEX

* The index has been trading in a bullish trend that lost momentum as we enter a reversal pattern that is now range-bound within the support & resistance .
* Looking for a double bottom formation within this range unless we see a breakout or changes in momentum.
* looking for reversals in the form of a double bottom, should we see continuation with the bulls, the plan changes.

ON THE HOULRY CHART - We are within a descending structure that could support that double bottom.

https://www.tradingview.com/x/kVU0UqHp/

- looking for shorts on the dollar index , a break above changes the whole plan.

lets see how it goes


IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE

22 Mar 2022

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