nahidik

DXY losing steam or just getting started?

TVC:DXY   US DOLLAR CURRENCY INDEX
dxy
124 0 7
dxy
6 months ago
On the HTF             I am still bullish looking for a good run up. However it is looking more and more like we may be in for a correction. I am looking for push down to the larger purple trend line. This could be a make or break area. A strong move up will indicate at least a challenge of the previous high. A strong break of this TL with a shallow correction will indicate a potential for a large correction. I will wait for the break and look for indicators to take it short. If it starts showing an upside trade you could catch it up to the previous high and reassess.
Please look at the DXY             decision link below it has been a pretty good map of price action and it may follow my original idea going much higher.

I would enjoy hearing your thoughts on my ideas and anyway I can improve them.

Be careful trading and Use your own trading plan. My ideas are just suggestions.
6 months ago
Comment: Price action is getting scrappy. I would stay away from this small short until it stabilizes with the return of the USA and UK. It will tell us what it is intending to do.

snapshot

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