USDCHF pushed back up following the DXY but Bears still haven't seemed to take back full control. Price just trickled back up to the resistance at the 0.97325 area. The DXY is now in a value area. Something should happen soon - I've attached my previous USDCHF short idea
The DXY gapped up yesterday and climbed back into Resistance. We are at a value area, we have a triple top type of scenario so we can only wait to see if we see some downside movement from here or if we break to the upside and continue up. Time will tell but this area is definitely something to watch. I am attaching my previous DXY idea - Thanks for viewing
USDCHF could be setting up for the continuation to the bottom of structure. Bulls haven't been able to take control and if Bears continue to control price they will most likely drive it to support. Just my two cents; time will tell. Happy trading!
See attached idea.
UJ is still making progress to the downside. We had a retrace but price still seems to want to drop; if the DXY drops it will likely give this pair fuel to the downside. We will see with time. Always remember to fiercely protect your capital by practicing safe and logical risk management. Comment if you have any constructive words - Thanks
The DXY is sitting at the top of an ascending channel but also sitting under a strong zone. Watching closely what happens next at this area. Any insight is welcome; good luck trading.
I attached my previous DXY idea, I understand that on my last idea the zone I drew wasn't necessarily accurate because it would have made more sense to be drawn at the key area...
This descending channel is looking good as of right now, we have a possible move to the top of the range if we get a really impulsive break out of the pattern to the upside; especially if the DXY ends up dropping like a rock. Feel free to comment your thoughts - would love to hear them.
I wanted to post what I was looking at, any feedback is welcome and encouraged.
I believe that this has a high chance of playing out to at least 9962
Let's see how this goes..
Please drop a like if you got any value from this or if you agree with my view.
I posted an idea about the DXY a few days ago, here's an update on what i'm looking at. I linked the original post so you can take a look if you'd like. I'm still anticipating a move back up to $98.28
Feel free to chime in