TradeTheIndex

Is the Dollar Index about to Bottom?

Long
TVC:DXY   U.S. Dollar Index
Hello I am new to tradingview and looking forward to sharing some great ideas. I study technical analysis for more than 10 years and trade off the charts. Normally I look at the Daily and Weekly only. I think the key to being successul in the Forex is following the trend of the Dollar Index!

Basically I trade the Spot Forex without stops, and Hedge my positions with Nadex Call Spreads. (more about hedging later)

Right now I believe the Dollar Index is about to bottom because of this pattern. I has already broken through resistance once at 91.00 and now it is about to break it again!

Best to look for shorting once it closes above 91.00 again.

I will look to short EUR/USD GBP/USD AUD/USD etc....

Thank you and look forward to sharing and learning from all of you!


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.