Forrestmars

DXY possible W formation ahead!

Long
TVC:DXY   U.S. Dollar Index
Hello everyone, Looking at DXY, we can se a clear W forming. Hence the DXY was falling for whole July, we can at least expect a retracement if nothing else . We will be exiting the trade at the Number (4) And then wait if the neckline of W will serve as Support or Not. And after that we will again analyze the market and decide how to approach it.

All the best and always respect RISK MANAGEMENT!
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.