it's Wednesday and the DXY may be bouncing on the 50SMA or crossing it.
In the H4 chart that I posted yesterday the 50SMA follows the swings. Maybe in the H1 chart (above) the 50SMA provide support for another attempt to climb above 97.
On the other hands please note a similar structure (1234) in USD/JPY which may extend the bottom of wave 4 deeper before attacking 112. (see the Related Ideas linked at the end of this post).
Let's see how it unfolds.
Strategy: Wait & See
At the moment DXY do not provide any trading opportunity that meets with my trading criteria.
Thank you for your support and for sharing your ideas.
Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas.
Respect, Be Carefull and Enjoy:)
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.