mxxtrader

DXY 2h, what s next?! channel performing...

TVC:DXY   U.S. Dollar Currency Index
Here again as i said i m sharing my view on DXY , the little channel inside the big one is highlighted from the minor TL and the arrows shows the two possible scenarios. Currently price is in correction and looking up but if price will fail to break up there s no other way than down!
So following dxy is crucial to trade eurusd n usd based pairs. Let s see next week what will happen... we can say that if we break up of that correction phase we will see dollar in strenght again instead a break down of the channel will means a weakness of dollar currency!
Just wait to a bit more price action to determinete the direction! have a good weekend all!
p.s follow communitytraders2392 just posted a possible setup for the month ahead a swing one, ask me for the name of the pair comment guys!
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