USD Index Poised for Breakout: Key Levels to Watch

DXY USD Index Poised for Breakout: Key Levels to Watch
Analysis:
Price Action Strategy:
The BOS indicates a significant shift in market structure, suggesting a potential trend reversal.

The CHoCH further confirms the change in market sentiment.

Equal Highs and Equal Lows suggest areas of liquidity that the price might target.

Smart Money Concepts (SMC):
The FVG area is highlighted, indicating a potential area of interest where smart money might enter the market.

The price is currently consolidating near the FVG, suggesting a potential breakout.

ICT Strategy:
Fibonacci retracement levels (0.786, 0.705, 0.618, 0.5, 0.382) provide key levels for potential entry and exit points.

The RSI is hovering around the 50.30 level, indicating a neutral market sentiment but with potential for upward momentum.

The MACD shows a slight bullish divergence, suggesting a potential upward move.

Buy Strategy:
Entry: Near the current price level around 108.149, especially if the price breaks above the FVG.

TP1: 108.705 (Fibonacci 0.705 level)

TP2: 108.786 (Fibonacci 0.786 level)

SL: 107.847 (Fibonacci 0.382 level)

Sell Strategy:
Entry: If the price fails to break above the FVG and shows signs of reversal.

TP1: 107.928 (Fibonacci 0.5 level)

TP2: 107.847 (Fibonacci 0.382 level)

SL: 108.705 (Fibonacci 0.705 level)

Buy Signal:
entry: 108.149
tp1: 108.705
tp2: 108.786
sl: 107.847

Sell Signal:
entry: 108.705
tp1: 108.149
tp2: 107.847
sl: 108.786

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