FlowState

DXY approaching Support, Prepare For A Bounce

Long
TVC:DXY   U.S. Dollar Currency Index

DXY is approaching its support at 96.80(61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal pullback support)
where price is expected to bounce up to its resistance at 97.25 (horizontal swing high resistance, 61.8% Fibonacci extension ).

Ichimoku cloud is showing bullish where a corresponding bounce is expected.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
I learnt to separate the 4 voices: The analyst (like-minded calibrator), the trader (seeks opportunity), the gambler (wants the thrill), the devil (not good enough). The analyst + trader the ones keeping me in the right path.

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