DXY has been moving up over the past couple of months, however, that move is slowing down now.
The charts show we have a lower high previously formed, indicating that sellers are taking over and pushing price down.
This creates a structure resistance line for us to place our trade. There is strong evidence this zone is optimal for a reversal.
Reasons to enter?
1. We have a shark formation soon to complete
2. Shark completion confluences with previously identified resistance line
Execution
1. Await reversal candle at 886 and structure before placing any trades.
2. TP and SL optimised for the shark formation
If you wish to learn our trading techniques, you can come here
www.patreon.com/indigotradinggroup
The charts show we have a lower high previously formed, indicating that sellers are taking over and pushing price down.
This creates a structure resistance line for us to place our trade. There is strong evidence this zone is optimal for a reversal.
Reasons to enter?
1. We have a shark formation soon to complete
2. Shark completion confluences with previously identified resistance line
Execution
1. Await reversal candle at 886 and structure before placing any trades.
2. TP and SL optimised for the shark formation
If you wish to learn our trading techniques, you can come here
www.patreon.com/indigotradinggroup