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maenshokri
Oct 13, 2019 8:23 PM

MOVES Trading Weekly Outlook: DXY: Short Short

US DOLLAR CURRENCY INDEXINDEX

Description

A trade WITH the DOWN TREND.

The current DOWN MOVE on this pair has started since 8 days with no signs yet appearing for the next UP MOVE. Accordingly, we are bearish on this pair back to the prior bottom and will take any reasonable upside pullback to sell. We will decide at the prior bottom if will keep this short or not.

MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
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