DXY is still very strong, though i am expecting an extension downward on Dollar index but not without taking the sellers liquidity. Also the charts of Fiber and Cable add more sense to me, hence i am risking on blue shaded region for a nice entry with good enough reward, integrated by Daily and 4-Hour charts. Dive deep into the shaded regions on smaller time frames to enhance your trade by studying the price action combing with the specific times of the week days and hours. Good luck to all everyone. Cheers.
NOTE: DON'T TAKE ANY ADVICE FROM HERE FOR LIVE ACCOUNTS BUT PAPER TRADING ONLY!
NOTE: DON'T TAKE ANY ADVICE FROM HERE FOR LIVE ACCOUNTS BUT PAPER TRADING ONLY!
Comment:
If the stoploss hits, the price could move higher into 1.1000 region shaded in yellowish orange.
Trade closed: target reached:
The price didnt exactly hit into my marked selling zone but still followed the same mechanism i outlined, and also reached the target very smoothly. Study the chart to know better about it. Cheers