DXY, When it will break the level!

TVC:DXY   U.S. Dollar Currency Index
The global trend is bearish but the price bounced off the Jan 2019 Low.
I'll wait for the breaking down that level and sell trade under it.
Potential profit will be 3 times bigger than the risk.

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Lots of dollar bears,excessive bearish sentiment. I've heard and seen numerous financial commentators, headlines over the past few days proclaim bear market in dollar, no longer the reserve currency. It has broken support and retested recent lows but today closed above that support. This against a back drop of extreme bearish sentiment and a media mantra telling the investment to sell $.I don't believe it. If the stock market collapses from here (seems to be on last leg or already topped) we'll see a rush to cash, the mantra is Don't Stay in Cash, Invest in Market, I'm fading that advice.
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And once again a good idea from Yuriy. As good as one can predict, if at all. Thanks!
You mean Usd pairs will sell ?
@AdMagsi, thanks for your support
Interesting idea. I have read on Twitter that CoT is showing extreme short positioning is everyone one side of the boat? Ripe for a counter-trade?
@infin0, thanks for sharing. I don't believe in twitter news)
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