DXY 1H LEVELS - 23/08/2023
As you probably know already, DXY analysis is very important for USD pairs
Here are some scenarios:
Wait for DXY to go to 103.8 resistance zone, then see the reaction of it
If we see a good breakout and 103.8 stays as support, then XAUUSD and EURUSD will be bearish and I will be looking for short entries
But if we see a rejection from 103.8 resistance zone, then I will take scalp long
*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)
Here are some scenarios:
Wait for DXY to go to 103.8 resistance zone, then see the reaction of it
If we see a good breakout and 103.8 stays as support, then XAUUSD and EURUSD will be bearish and I will be looking for short entries
But if we see a rejection from 103.8 resistance zone, then I will take scalp long
*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.