Looking for a 5th wave to complete the current move up on USD

U.S. Dollar Index (TVC:DXY)

Updated

TVC:DXY U.S. Dollar Index

As you can see from the chart this is looking like a nice Elliott Wave impulse. Today's FOMC meeting minutes may have an effect but I don't see much down side to the dollar yet. Even if the FOMC are dovish the dollar is still the best game in town so any pullback could simply be part of the 4th wave. Either way I don't see any set up long or short but if your in any long dollar trades you may want to tighten your stops just in case it goes short.
I'll update this idea as it develops so follow me to receive them. (tradingview or telegram)
This is not investment advice

Steve Nixon
Trainer & Mentor @logicfxtrading

Comment:

Gold lg

Comment:

Gold long as predicted - wait for an entry set up

Comment:

Sorry the above chart is Silver which is long as expected - This chart is Gold which is also long as predicted

Comment:

Dxy - Dollar index short with in 4 wave as predicted

Comment:

Sorry folks I've posted these updates on the wrong idea. Here is the correct idea

07:54

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