runyamhere

The DXY Hitting an Energy Point

Long
runyamhere Updated   
TVC:DXY   U.S. Dollar Index
The DXY is showing signs of a strong reversal, zooming in we can see why, price has struck an energy point, 2 lines intersect to form support, aided by a median line of the Pitchfork. Double support is usually strong, triple much stronger. I would expect that the DXY is seeking a daily cycle low with a flag. I place lower probability for 11 October being a cycle low.
Comment:
The DXY cycle has failed, time to look long risk assets.
Trade closed manually

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