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KarYong
Dec 13, 2017 4:25 AM

DXY - Potential Short Opportunity Into FOMC? Short

U.S. Dollar Currency IndexTVC

Description

Combining the analysis on wave with an entry technique based on the Cypher pattern, we have a potential short setup completing around 94.58, with a stop around 95.50, targeting 92.94 and 91.92.

Disclaimer: This is not a trade call. Make sure you have a proper trading plan and risk management strategy before engaging in any trade.
Comments
dead2live
Attractive and professional chart ! I've been watching traders on here and how they mostly seem to think the dollar is going up because of the rate hike, but I don't see it I don't see either, actually. Maybe it will jolt into a consolidation period.
KarYong
@dead2live, as traders we remain nimble and flexible according to what the chart and price shows us :)
dead2live
@akyong, Right you are, sir!
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