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afurs1
Feb 7, 2023 3:54 PM

USD Deciding Moment Short

U.S. Dollar Currency IndexTVC

Description

The dollar is approaching some strong resistance after a harsh sell off. Will the down trend continue or is there room for a potential break out?

Currently biased to the downside, looking like a similar distribution pattern as seen not too long ago.
Comments
TheCryptagon
Keep up the good work! Sharing ours:
afurs1
@TheCryptagon, Thanks for sharing!
Elefant-Schnitzel
November 2nd 2020 all over again
Stone881
Or a fake break out, go test the local high on a blow off and clear out the short stops. That's what I am watching for anyway.
afurs1
@Stone881, I have this as another idea posted on my page. The longer term picture looks like the SPY may have room to squeeze before dumping.
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