Fib extensions on the DXY trend since June
I picked that range since thats where the clean uptrend started
I expect the retracement to be one notch higher than the previous two because of war and inflation both worsening
I would become bearish on dxy if retracement is more fib levels than in the previous legs (and thereby challenges previous highs) and look to exit/sl on the bounce
I picked that range since thats where the clean uptrend started
I expect the retracement to be one notch higher than the previous two because of war and inflation both worsening
I would become bearish on dxy if retracement is more fib levels than in the previous legs (and thereby challenges previous highs) and look to exit/sl on the bounce
Trade closed: stop reached:
With the red line crossed I'm no longer bullish on dollar
Even if I'm still bearish on most markets I think dollar can continue to lose to metals and other currencies
Weekly bear div now printed
Even if I'm still bearish on most markets I think dollar can continue to lose to metals and other currencies
Weekly bear div now printed
Trade closed: stop reached:
