Looking for long setups at the bottom range of DXY
I will pay close attention to the price move as this is the bottom of the range.
Frankly speaking, I will long but don't see any bullish signal here.
What I wanna see for the bullish setup:
1. recent control low being taken out(marked in yellow color)
2.bullish trend shows up in the smaller time frame, such as 60m, e.g. rally-base-rally or other bullish patterns
3. up cross of the two EMA lines
If the the bottom range zone gets violated, short at the pull back. With the two scenarios come into play, I think I will be prepared.
Frankly speaking, I will long but don't see any bullish signal here.
What I wanna see for the bullish setup:
1. recent control low being taken out(marked in yellow color)
2.bullish trend shows up in the smaller time frame, such as 60m, e.g. rally-base-rally or other bullish patterns
3. up cross of the two EMA lines
If the the bottom range zone gets violated, short at the pull back. With the two scenarios come into play, I think I will be prepared.
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The long setup failed. We got small basing candles in the middle of the zone. No impulsive move. Another support level would be around 88. Let's see!
plan your trade and trade your plan
