FOREXEL

Chart update - It is not over just yet..

INDEX:DXY   U.S. Dollar Index
307 3 6
Easier said than done to predict how far the DXY             will retrace. It is now close to 0.382 where I would prefer it would stop (for my own trades sake)

I hear "expert after expert" call out that it should be stopped here. Not sure what I am missing but if it is heading for its MAs then it migth be far from over... I see a clear risk of at least a fib 0.5 retracement still... but relying on the channel it migth bounce a little from the 0.382 level up to 95 and then continue lower to 0.5.. looks that way. We will soon find out.

Related Ideas

Channel expand. Chart to be adjusted
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Forget "experts" , they do not trade. Trade what you see and every chart TF says this one is sinking. Monthly prints are horror for any decent bull.

Cheers
+1 Reply
FOREXEL Nightwish
I agree, thanks for your input ))
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