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marcopips
Nov 19, 2018 5:11 PM

DXY Previous idea invalidated. POSSIBLE RETRACEMENT SETUP. Short

U.S. Dollar Currency IndexTVC

Description

My previous DXY Setup invalidated since it broke below 0.618 fibonacci retracement levels. Will be looking for a bounce back up to 96.40 levels before heading back down. Could potentially see DXY head back down to 94.00 regions. That would mean that most major pairs such as EUR/USD, GBP/USD, AUD/USD could see potential long opportunities these weeks.

Always remember that structure takes precedence over fundamentals. Fundamentals coincide with structure.

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