DXY TRADE SETUP IDEA Short

U.S. Dollar Currency IndexTVC

Description

⋅ Aug 16, 2022 8:13 PM

DXY has a high probability of falling. It has shown a reaction to the marked resistance area, we wait for the move to be concluded, expect a retracement and go short on a favorable candlestick pattern. FOLLOW FOR MORE DOLLAR RELATED ANALYSIS

Comments

mdtayloresq

⋅ Aug 17, 2022 9:03 PM

109 would hurt

TheFlexer

⋅ Aug 17, 2022 3:16 AM

we have 1,2 and now 3. All a game of probability, it can break and go up.

TheFlexer

⋅ Aug 17, 2022 3:15 AM

What do you think. Why do you want to short it exactly. The rule says usually, more time u hit a resistance, more time it is likely to break.

TheFlexer

⋅ Aug 17, 2022 3:14 AM

Same analysis I have. There’s also probability to go up to get some liquidity, stop hunts and then go down

donaldemmaogbame

⋅ Aug 17, 2022 7:05 AM

@TheFlexer, true, thanks for taking your time to comment, my first comment on the app