ðDXY-10/14/2022-USD throws off gasð
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Date: 10/14/2022
âĄïļTrading instrument: DXY
ðPriority direction: SELL
ðŽComment: The focus of attention for today on DXY is a large range of 109 - 114. The price at the time of writing this trade idea is right in the middle of this range. The entry point is not the most comfortable, it is much more conservative to consider trade at the upper or lower borders of the range. One at level 112, we can bind the entry point for sell (the entry point itself should be looking for on time periods H1 and below). There is a good chance that the price will break through this level and if buyers are unable to return the price above 112 again, the instrument would rush up to 114. The most profitable target for selling for the main scenario is not lower than 109,500.
âââââââ
ðThanks for your comments and likesð
ððĨLINKS TO PREVIOUS IDEAS AND FORECASTSðĨð
âĄïļTrading instrument: DXY
ðPriority direction: SELL
ðŽComment: The focus of attention for today on DXY is a large range of 109 - 114. The price at the time of writing this trade idea is right in the middle of this range. The entry point is not the most comfortable, it is much more conservative to consider trade at the upper or lower borders of the range. One at level 112, we can bind the entry point for sell (the entry point itself should be looking for on time periods H1 and below). There is a good chance that the price will break through this level and if buyers are unable to return the price above 112 again, the instrument would rush up to 114. The most profitable target for selling for the main scenario is not lower than 109,500.
âââââââ
ðThanks for your comments and likesð
ððĨLINKS TO PREVIOUS IDEAS AND FORECASTSðĨð
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
What is your opinion on the index?ðĪ
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
The "bear offensive" continues. In the near future, I expect a further downtrend towards the level of 110.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Most likely, at the beginning of the week, we should expect consolidation at / below the level of 112 and then the instrument would rush to 110.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Trade closedâ
