DXY - Potential Sell At Key Resistance
The DXY is approaching a key resistance zone, which has historically acted as a strong supply area. This level has seen multiple price rejections in the past, making it a critical area of interest for potential reversals.
The current uptrend has brought the price back into this resistance zone, but there are signs of potential trend exhaustion as the price tests these levels. If the price confirms rejection with bearish signals, such as reversal candlesticks or divergence on oscillators, we could see a downward move.
I anticipate that, upon rejection from this resistance zone, the DXY may head lower toward the 107.548 level. This setup aligns with the idea of a short-term correction within the broader market context.
Let me know your thoughts on this analysis or if you see a different perspective! Feel free to share your insights in the comments!
The current uptrend has brought the price back into this resistance zone, but there are signs of potential trend exhaustion as the price tests these levels. If the price confirms rejection with bearish signals, such as reversal candlesticks or divergence on oscillators, we could see a downward move.
I anticipate that, upon rejection from this resistance zone, the DXY may head lower toward the 107.548 level. This setup aligns with the idea of a short-term correction within the broader market context.
Let me know your thoughts on this analysis or if you see a different perspective! Feel free to share your insights in the comments!
交易進行
交易結束：目標達成
Take Profit Hit
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