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Simple_Renko
Dec 8, 2017 8:18 PM

DXY Weakness Short

U.S. Dollar Currency IndexTVC

Description

See callout bubbles.

Comment

DXY came right into the highlighted zone and is moving away nicely. Currently Long EURUSD as I cannot trade DXY, but still use it as a mostly inverse EURUSD.

Comment

The DXY has found some strength. That's okay because we can always adjust to meet the new conditions! We have some sellers up at around 94.50, so we'll see what kind of power they have. Can they drive the USD down to new short-term lows? We've yet to see!

Always measure your risk and be okay with being wrong ; )
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