OVER 3000pips From One Analysis! ✅

28 февр.

For 3 months DXY was in a decline from October 2023 to December 2023. Price went on to create the perfect leading diagonal, consisting of 5 waves.

On the 28th of December, we were anticipating price to complete the diagonal and bounce off our diagonal support and reverse. Price went on to do exactly that!

So, how do we use DXY to find setups? DXY can be substituted for USD. If DXY goes up, it can be assumed that USD gains strength. Therefore, we can use the following equation:
DXY Strength =
USD/XXX LONG
XXX/USD SHORT

On the 28th of December, our USD reversal setups were active based on the assumption that DXY would reverse after hitting the diagonal support. We planned ahead and found reversals for USD based setups.

See below to see how we did!

AUDUSD (350pips) -

NZDUSD (300pips) -

EURUSD (450pips)-

USDCAD (400pips) -

USDCHF (500pips) -

USDJPY (1000pips) -

Analysis DXY can be such a powerful tool! Do make sure you add it to your arsenal when finding USD based setups.

Hope you guys learnt a thing or two. Goodluck and as always, trade safe!