๐ DXY (US Dollar Index) โ Bullish Setup from FVG & Trendline Confluence
Price tapped into a well-defined Fair Value Gap (FVG UP) aligning with bullish trendline support. I'm anticipating a small retracement toward the 99.88โ99.81 area before continuation upward.
๐ Entry Zone: 99.88 โ 99.81 (FVG + Trendline)
๐ Stop Loss: 99.71
๐ฏ Target (TP): 100.32
๐ RR: Approx. 1:3
Confluences:
Bullish market structure
FVG filled & respected
Ascending trendline support
Liquidity taken below previous lows
๐ Watching for bullish reaction after the minor pullback for confirmation.
Price tapped into a well-defined Fair Value Gap (FVG UP) aligning with bullish trendline support. I'm anticipating a small retracement toward the 99.88โ99.81 area before continuation upward.
๐ Entry Zone: 99.88 โ 99.81 (FVG + Trendline)
๐ Stop Loss: 99.71
๐ฏ Target (TP): 100.32
๐ RR: Approx. 1:3
Confluences:
Bullish market structure
FVG filled & respected
Ascending trendline support
Liquidity taken below previous lows
๐ Watching for bullish reaction after the minor pullback for confirmation.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.