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Zoen_Trieste
Nov 26, 2018 1:35 PM

DXY Potential Supply Zone Area Short

U.S. Dollar Currency IndexTVC

Description

DXY is seemingly approaching an attractive supply zone around 98.50. As mentioned in the earlier posts on DXY, we have an important gap zone around that area. Furthermore, there's the 15 degrees angle line coming down from the top at that same area, that is if the DXY trend is being measured with 20 pips per week ratio. It seems reasonable to look for shorting opportunities around the 98.50 mark. Lower timeframe for entries is the preferred choice. Strict risk and trade management principles are the most important in being a successful trader.
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