adamszhoe

WILL THE DOLLAR RETRACE TO THE MONTHLY 50% FIB BEFORE THE SELL ?

Long
CAPITALCOM:DXY   US Dollar Index
Looking at the dollar reaching the 1Month Demand Zone at 101.049 and 103.108, im now looking for some bullish rejection in the zone. if it does reject the sellers at this area , i will then look to to go Long with SL at 100.050 around the yellow structure level and TP close to the 50% fib retracement area is which at around 107.226 and 108.437.

PS: MARKET IS IN A BULLISH TREND. LOOK AT SMALLER TIMEFRAMES FOR BULLISH CONFIRMATIONS IN THE DEMAND ZONE!!!

#monthlySetup
#swingersview
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.