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DXY Short term rise. Take advantage and short the top.

Short
TVC:DXY   U.S. Dollar Index
DXY/ Dollar Index crossed above its 1day MA50 for the first time since Nov 4th 2022. The fall since the top has been so far -12%.
Similar fall (-11%) and price structure was seen during the 2020 decline. After the price crossed over the 1day MA50 it got rejected on the 1day MA100 and started a new decline ot the 1.236 Fibonacci extension.

Trading Plan:
1. Sell near the 1day MA100 at 105.000.

Targets:
1. 98.150 (a little over the 1.236 Fibonacci extension).

Tips:
1. 1day RSI on similar levels as in September 2020. A value near 60.00 is a sell entry.


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