price_action_bars

don't FIGHT the FED

Long
TVC:DXY   U.S. Dollar Index
With my quote i want to let you know that the dollar will be the king at the END. This sunday night we might a have small gap for the dollar upside because the econmy will slightly be open on monday.

My take profit is 98.00 (the green rectangle)
stoploss just under the 0.78 FIB retracement (the red rectangle)

3 arguments WHY it will rise.

1. economy will be open; post pandemic
2.you se from analytical point a retracement of the 0.78 FIB
3. don't be only analytical but also fundamental.

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.