luwayne_fx

Dollar$ Down

Short
CAPITALCOM:DXY   US Dollar Index
Hello everyone 👋

Today I bring the DXY

My idea is based on structure and chart patterns.

The DXY on the HTF (1W ,1D) We have a strong bullish impulse phase but for a while price has been moving between a Price range giving us a flat correction.
The LTF shows us that price is at the top of the structure but is approaching it in a corrective manner.

•The way I would take this setup is to first see price push down out the LTF corrective structure.

• Alternatively, if price does continue up,I will wait for development as we could just form a deeper/larger corrective structure.

Thank you .

Idées en relation

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.