piphunters
Short

US DOLLAR INDEX: Expected to weaken further

FX:USDOLLAR   Dollar Index
890 13 29
The dollar index             is expected to weaken further to complete a C in the current corrective structure and find bottom there, a break out of the current expanding wedge can signal a completion of the overall correction and raise the possibility of the start of new up trend as an impulse.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
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Wave-Trader TOP
6 months ago
expecting short on DXY and then buy for longer term
agree mate but not expecting this much low
+1 Reply
piphunters Wave-Trader
6 months ago
thanks, let's see, I am going for a lower low because we may finish the larger corrective structure within this year and start the up trend.
Reply
BrunoSalles piphunters
6 months ago
what is "BO" (break over) ? Thanks a lot
Reply
piphunters BrunoSalles
6 months ago
break out
Reply
BrunoSalles piphunters
6 months ago
Thanks a lot =)
Reply
piphunters BrunoSalles
6 months ago
my pleasure
Reply
Wave-Trader TOP piphunters
6 months ago
yup up trend is 100% confirmed it will start but after finishing this corrective structure lets see when this gonna finish.
Reply
piphunters Wave-Trader
6 months ago
yes, probably the C wave of a simpler ABC is now going down and if don't get a complex correction it'll go boom up
Reply
Wave-Trader TOP piphunters
6 months ago
snapshot
yup agree mate i am seeing flat correction are you on the same side i think you are looking for the deeper correction ya.
+1 Reply
piphunters Wave-Trader
6 months ago
good trading
Reply
Wave-Trader TOP piphunters
6 months ago
snapshot
probably you are counting like this
+1 Reply
piphunters Wave-Trader
6 months ago
yes
Reply
Alireza Wave-Trader
6 months ago
Forecast of yellen speech seems to be hawkish . First a retracement then bullish DXY .
Reply
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