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UnknownUnicorn540299
Jul 14, 2018 10:41 AM

DXY: Reversal time Short

U.S. Dollar Currency IndexTVC

Description

Price has struggled to break out higher and have been rejected several times from resistance zone, forming a rounded top. Time is up and reversal highly likely.

Comment

From the trendline i expect a Bounce, then this:

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Comment

Fake ugly breakout lol to get dollar bulls on Board. Now they are trapped poor souls.

Comment

Comments
Serse
fail on this HS?
UnknownUnicorn540299
@Serse, Not yet
showerreport
mmmm ... IMO looks like a fake brake out of gold, just take a look to gold's volatility and dxy. DXY looks like its going to 91.91 (.38 fibo) then uptrend.
UnknownUnicorn540299
@showerreport, DXY looks to have a date with the 50 % fib as posted in comment, its unnatural to get that close without touching. I expect bounce there at 91, but not then a higher high
Sapphira
Great chart. Totally agree. Thanks
freedom15
Nice chart!
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