xtrader1

USD MIGHT AIM FOR 100.00 TO FINISH WYCKOFF DISTRIBUTION

Short
xtrader1 Updated   
PEPPERSTONE:USDX   US Dollar Index
- Seasonally USD is weak in DEC
- COT: Asset Managers in charge of Dollar pricing
- COT: Asset Managers in distribution-mode since SEP above 110.00
- S&D: 100.00 is Weekly demand-zone offering liquidity to buy back shorts
-
COT: images2.imgbox.com/50/c1/VNWTnUpN_o.png
Comment:
.
- Drop to 100 in DEC on "dovish" FOMC?
- Then in JAN inflation surge higher on cold weather and OPEC+ manipulation?
- Forcing FED to "flip" hawkish again (and Dollar strength returning)?
Trade active:
Takes longer than expected.
Almost there, Price spiked 101.20
Looking for an accelaration to the downside.
99.40 is weekly demandzone.

Sultan of Swing
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.