colinsheen
Short

USD is very near to a meaningful correction.

TVC:DXY   US DOLLAR CURRENCY INDEX
59 0 4
Looking at the USD index chart, it is very similar to the EURUSD             chart where an ending diagonal is visible at the potential end of wave 3.

Wave 3 is also very near 1.618x of the length of wave1, which is a common wave 3 to wave 1 ratio relationship.

100 is also a large psychological level that you should not ignore.

I've also heard that large players has started to unwind USD long positions, because there won't be enough liquidity to unwind after FED meeting, so they will probably start to unwind before FED meeting.

Good luck trading!
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