DXY has been in a steady uptrend and we may not have seen the end of the bullish run just yet. We appear to be in a 5 wave motive wave and currently in the 5th wave. It may be that its a complex 5th wave which may turn into an ascending correction before moving lower.
We are currently looking for a bounce off the ascending trendline and 78.6 fibonacci - possibly during NFP.
Trade Idea:
Bullish DXY =
USD/XXX LONG
XXX/USD SHORT
Do leave your thoughts below and let us know what you think!
Goodluck and as always, trade safe!
We are currently looking for a bounce off the ascending trendline and 78.6 fibonacci - possibly during NFP.
Trade Idea:
Bullish DXY =
USD/XXX LONG
XXX/USD SHORT
Do leave your thoughts below and let us know what you think!
Goodluck and as always, trade safe!
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