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afurs1
Sep 13, 2023 9:57 PM

DXY Pain Coming? Short

U.S. Dollar Currency IndexTVC

Description

The dollar has been on a tear the last little bit, but it might be running out of steam.

Today we saw a swing high into the previous high of around 105 and rejected right back down. It might be a sign of weakness coming for the dollar as it forms a bearish rising wedge formation.

Bigger picture the dollar is on a downtrend from the last few months. It has been consolidating recently and it may be ready to move further down now.

Comment

Trend lines are currently being respected.

Comment

Potential Bart Simpson pattern around 105.200 - 105.300

Comment

Good time to prep a short approx 106

Comment

Trade active

My current short, tight invalidation

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