TradingShot

DXY Bearish until Christmas

Short
TVC:DXY   U.S. Dollar Currency Index
Pattern: Channel Down on 4H.

Signal: Sell as the price is approaching the 4H MA50, which has been rejecting every upside attempt since November 04. Also the RSI is at the top of its Channel Down and the MACD is repeating the November 10 - 13 sequence.

Target: 90.100 (-1.30% as per the November fractal ).


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Comments

I have it at 90.xxxx target if we do not get extended on our five wave.

good job. wish you all best.
Reply
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