CashmereRyanL

PROFIT TAKING ON DOLLAR SHORTS: TRADING RETRACEMENTS PT2

Long
TVC:DXY   U.S. Dollar Index
This is the cleanest bit of price action we've had in a while.
The dollar took a hit these past 2 or so weeks and from this move down we expected price to test and start to reject the weekly support. We've seen price consolidate at that level this past week, and now we seem to have a potential reversal pattern to see the bulls step in for the retracement of the bearish move from the past few weeks.

We're expecting to see the dollar pairs make their respective moves relative to the potential dollar strength we're looking to see in the market and hopefully capitalize on it.

Stay strapped and control risk 🙏🏼 📈

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