DXY Trading Plan for the week 03.06.2024

3 июн.

Good morning traders. 🥳

Hope you all had a great weekend and ready for the week ahead.

A quick glance at the charts this morning and the dollar has reset back to the POC levels it entered last week with and on the 12 hr we can see that we are now forming a descending triangle which means that if we break above 105.000 we could see a continuation to the upside targeting key level 106.507 and if we break below 104.408 then we will see a continuation to the downside targeting 102.686.

I'm quite keen on seeing the dollar reach key level 104.209 to which I will be looking for Buy's on EUR/USD, Gold and Silver throughout the week.

We've been in a range across the other assets as well so this week could definately be a breakout week to the upside for all dollar pairs if that's the case.

Hope you have a great day and that your screens are green.

Happy Trading. 📊