penguintraderx

DXY Short Scalping Trade

Short
TVC:DXY   U.S. Dollar Index
DXY


It seems like DXY is already broken a "short-term" down trend area. However, by zooming out in the Daily and Weekly timeframe, the overall trend is on the upward trajectory price.

Literally, I am a scapler, using a lower timeframe such as H1 and H4. If the price hit 113.660 area and cannot break this zone, I would open a short/sell position on my account.

The key of this trade is to be patient and wait for the price action such as bearish fat candle as a confirmation.

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