DXY Short Idea
Overall sentiment on higher timeframes is bearish
We are now looking for continuation opportunities to the downside. Last week we saw a bearish break of our ascending triangle and price action is now establishing lower highs.
We will favor a strong bearish continuation and are looking for bearish setups at the current level. Look to target significant support around our 95.00 monthly and -27% fib level
If 97.00 is broken and retested we will re-analyze for potential bullish opportunities
Overall sentiment on higher timeframes is bearish
We are now looking for continuation opportunities to the downside. Last week we saw a bearish break of our ascending triangle and price action is now establishing lower highs.
We will favor a strong bearish continuation and are looking for bearish setups at the current level. Look to target significant support around our 95.00 monthly and -27% fib level
If 97.00 is broken and retested we will re-analyze for potential bullish opportunities