TVC:DXY   U.S. Dollar Currency Index
MARKET ANALYSIS: As you can see from the charts both Eurusd             and dollar index             or showing opposite trade setups. So in Eurusd             once the market breaks the flag pattern and closes above the zone we can go for a long. At the same time once dollar index             closes below the rising wedge we can short the market below the zone for the given target.

Now this is how a institutional traders compares a trade setup with dollar index             , Hope this helps. Cheers!
Trade active:
I went on 4h for DXY, and placed the support trendline you have but at the wicks, price is about to bounce up and DXY will reach 103.
+1 Reply
Thanks for the chart sir
+2 Reply
No, this is not how we do it.
+1 Reply
Kishore dennis09
@dennis09, Hmmm alright
+4 Reply
hamsa0007 dennis09
@dennis09, then how to do it?
+2 Reply
dennis09 hamsa0007
@hamsa0007, Cumulative Delta and Volume Profiles
Rocketman dennis09
@dennis09, Different "institutions", different strategies and goals. Some institutions use Elliott wave patterns.
dennis09 Rocketman
@Rocketman, Im not referring to wave analysis. Moreso the notion that we, or at least most of us, make comparisons to the USD in the manner presented above. Your statement about institutions having different strategies further illustrates my point.
Rocketman dennis09
@dennis09, Yes. Me too. Some just use line charts. hahaha...
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