AdamHong
Short

DXY:The Monthly Potential Reversal Zone

TVC:DXY   US DOLLAR CURRENCY INDEX
54 0 6
16 days ago
The DXY             dropped for a long time and it rallies to the potential reversal zone which may have strong resistance.
The 0.618RET of previous decline is at 101.8 and the 1.618 of previous rise locates at the same zone.
Meanwhile the previous structure also works at this zone.
So it is good to sell at 101-104 levels when price action gives the bearish signal in the PRZ.
SL:above 105
TP1:95
TP2:92 and further more
If the PRZ is broken out,107-109 will be seen in the future.
15 days ago
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