KarYong

What's Next for the Dollar?

Short
TVC:DXY   U.S. Dollar Index
P.S. As I inserted an external link in the previous idea on USDJPY, the idea has to be made private. I will be posting up an updated idea on USDJPY soon.

For now, let's focus on the Dollar.

If you missed the bearish impulse catalysed from the recent FED FOMC, you might get another chance to short the dollar around 90.04 - 90.22, potentially towards 88.92.

For those who shorted the dollar at the recent high from FOMC, you can look to scale in on this trade.

Disclaimer - this is not a trade call. Ensure you have a proper trading plan and risk management plan before engaging the market.

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