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bit_general
Feb 6, 2023 11:17 AM

DXY Daily 

U.S. Dollar Currency IndexTVC

Description

Plan for DXY , daily timeframe. Levels of interest marked out , if we clear the high its a local trend reversal and we may see much higher. Short markers hit and hold, lows shown as targets. Direction will be confirmed within the next 3-4 days .

Trade active

Target 1 hit 10:50 6th feb GMT.
Target 2 hit 15:15 7th feb GMT.

not sure if enough juice to reach target 3 now, 2 days left to find out. Downside targets remain. If top target cleared, then HTF trend reverse and much higher - new trades and targets rqd and trade will be closed.

Trade active

Taking longer than expected, but third target hit. Decision time. Daily close above and invalidation, otherwise lower targets marked out.

Trade closed manually

daily close invalidation hit. trade closed. onto the next.
Comments
JoeChampion
Nice analysis!
bit_general
@JoeChampion, thank you! I think the lack of interaction with this tells us alot about sentiment too.
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