Optimum369

20 REASSON FOR SHORT DXY

Short
ICEUS:DX1!   U.S. Dollar Index Futures
🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: structural Down
Monthly : structure bullish but there are lot of weakness in monthly candle patterns last month is inside bar 😲insidebar😲 current forming 👎doji😲
weekly : a big Imbalance after it prices are going down and down 🥺
so the bigger picture is not clear and in bear favor


1 Structure analysis time frame :DAILY bear
2 target time frame :DAILY
3 Current Move :IMPULSE
4 Entry Time Frame : H4
4.1 Entry TF Structure: BEAR
4.2 entry move : IMPULSE
5 Support resistance base :H4 BEAR ORDER BLOCK
6 FIB: TRIGGER EVENT
7 candle Pattern: DARK CLOUDS
8 Chart Pattern: DOUBLE TOP
9 Volume : EXTREAMLY HIGH
10 Momentum UNCONVENTIONAL Rsi: SUPER BARISH WITH LOUD MOVES
11 Volatility measure Bollinger bands: HEADFAKE BEARISH
12 strength ADX: WICKSAS BEAR
13 Sentiment ROC: BULLISH
14 final comment : SHORT AT RETRACEMENT
15 : decision : SELL
16 Entry: 111.790
17 Stop losel: 112.8
18 Take profit: 107.170
19 Risk to reward Ratio: 1:5
Excepted Duration : 10

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