After multiple days of drop. Price has finally reached our objective, the Daily Orderblock.
We are now anticipating a reversal, a clear structure is seen on the lower timeframes that supports a reversal today.
DXY is looking and ready to push up from this area.
As the weekly & daily institutional orderflow is still , this reversal based trade has a very high probability of success whilst simultaneously yielding a massive risk to reward.
Risk Management is still advised however, there are no certainties in the market, merely probabilities.
I'm looking for price to clear the targets situated above:
TP 1: 108.750 (RR is 1:6) - Equal Highs.
TP 2: 110.270 (RR 1:10) - H1 Void Refill
TP 3: 110.950 (RR: 1:15) - H4 Highs.
Look to scale out your profits along the way and once the first objective has been met, it is highly advised that you move your stop loss to breakeven to reduce your exposure.
Best of luck!