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Charts_N_Candles
Mar 10, 2023 9:55 AM

DXY inverse Head and Shoulders to 109 range Long

U.S. Dollar Currency IndexTVC

Description

DXY looks poised to break through the 105 barrier on probable 50bps hike in March.

1. Inverse Head and Shoulders setup on the daily
2. Currently sitting at resistance for 2days+
3. General risk-off sentiment post Powell speech and issues at Silvergate/SVB

I'm cautious and DCA'ing into preferred assets
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