Talismanxx

Bullish divergence on 4H DXY chart, is it time to Short EURUSD??

TVC:DXY   U.S. Dollar Index
With the bearish divergence found on Daily EU chart coupled with the bullish divergence found on DXY chart, im sure shorting the EU would be very reasonable for me. However, firstly i must find two bearish candle at the daily EU chart and at the same time the DXY candles will reach Fibonacci 23% level. Secondly, IF the candles on DXY show strength to reach FIB 23%, then continue to hit 38%, then that will be my first taking profit area on EU chart. Otherwise, i will let the SL makin action for me.
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.