February 03, 2023 at 01:15AM DXY 03/02/2023 #DXY

DXY 03/02/2023

U.S. DOLLAR CURRENCY INDEX TVC:DXY

Dave-FX-Hunter

🎯 DXY is in the reversal mode

🟧Entry basics
Never enter blindly on the level. Always put everything in a higher timeframe context. The level must be violated and the price has to do a pullback and Break of the structure. Then you look for the entry on the order block or FVG above/below 50% pullback. SL is above swing high and set TP to 3R. Don't try to predict where the price will go next or don't try to take 1:50R trade. We trade intraday reversal and reaction on the level. We get our 3R and get out of the market.

For the short trade, the scheme would be obviously an upside-down picture picture

🟩When to enter the trade
Setup and entry must occur at these times, as it's the time when we can get the biggest volatility and highest probability
🔵London Session - 02:00-05:00 NY time // 08:00-11:00 EU time
🟢New York Session - 07:00-10:00 NY time // 14:00 - 17:00 EU time

This Strategy is not about predicting the market and the next movements. It's about the trading reaction in the liquidity levels. Which is good enough to make money by trading a couple of hours a week.