DXy H4 | Potential bullish reversal

2023年3月21日

Looking at the H4 chart, the price is currently approaching our buy entry at 102.95, which is an overlap support level and coincides with the 61.8% Fibonacci retracement level. If the price were to reverse from this level, it has the potential to rise towards our take profit level at 103.74, which is also an overlap resistance level.

To manage our risk, we will set our stop loss at 101.52.

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