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Bearish Scenario on DXY by ThinkingAntsOk

Short
U.S. Dollar Index (TVC:DXY)  
ThinkingAntsOk  
TVC:DXY   U.S. Dollar Index
Trend Analysis Support and Resistance Multiple Time Frame Analysis DXY dollar USD USDCAD USDCHF EURUSD index
12
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trendanalysis supportandresistance mtfa dxy dollar usd usdcad usdchf eurusd index
4H CHART EXPLANATION:

On this timeframe we observe that price is forming a bearish engulfing candlestick at the Resistance Zone. We will wait for a clear rejection of the zone and a corrective structure (continuation pattern) to place short entries. This trade requires a proper management because there are multiple Support Zones on the way.

DAILY CHART ANALYSIS:

snapshot



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