DOLLAR INDEX STRUCTURE LONG|TRADING PLAN

6 thg 8, 2020

DXY has reached a strong horizontal support and after breaking out of the first diagonal resistance formed a double bottom.

Along with the obvious need for an upward correction the target trade is long.

TRADING PLAN:

1-Go Long now

2-SL below the double bottom

3-T1 is below the next diagonal resistance, so it is very achievable

4-T2+above=trailing stop if the resistance is broken

Thank you for reading and have a nice day!