Zack2847

DXY short

Short
TVC:DXY   U.S. Dollar Index
Off the daily/4hr timeframe I am looking for a DXY short. I am looking for this because over the last few months 97.5 has been a strong resistance that has yet to be broken and it looks to be rejecting it at the moment. we have also had five straight bullish days so it adds confluence to my short. For more confirmations ill look for my 4hr counter trend line to be broke. My target is the base of the previous weeks bullish engulfing. I believe we could be retesting my liquidity zone before further movement to the upside in the coming weeks. It is NFP week so be alert with high impact news comes manipulation.
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.