FullTimeTrader
Short

DXY-is today the D-DAY?

TVC:DXY   US DOLLAR CURRENCY INDEX
502 1 7
A simple setup, we have a nice trendline resistance holding price at the 0.7860 fib retracement.
My long term bias is short here (and long the EURUSD             ). This setup can give as a clue about the next movement on EURUSD             .
According to Hurst Cycle Analisis today is a BIG day, the USD will start a long term decline that will last hole next month. I dont know for sure.
Lets see, i will not trade this setup because im already trading other USD related pairs.
I will come back to this chart in a month.
Best Regards.
Dear sir,many thanks for your sharing, it's great and teached me a lot.
But i was confused that sometimes you analyzed by wave count and I have not learnt Elliott. Is the wave theory paramount? Is it required if I want to study your trading mathod?
Thanks again for your suggestion!Regards!
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