DikotoMandengue

DXY SHORT - Bearish Divergence + Fundamentals & Sentimental

Short
DikotoMandengue Updated   
TVC:DXY   U.S. Dollar Index
Dollar index SELL,

Talking points,

Technicals:

16 month high this past monday. you can see the reversal patterns. Weekly divergence on weekly chart gives me the final check for a Short. Also closed the week in Recistance/Support area

Fundamentals:


Thanksgiving US Holiday (Thursday & Friday), Liquidity.

Sentimental:


Retail FX traders are positioning in Dollar-based majors like EUR/USD: 63% of Retail Traders are Long, Despite YTD lows
Trade closed manually:
Trade active:
TAKE PROFIT CHANGE
TP1 95.10
TP2 93.88

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.