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IkanBilisCapital

Break out rejected. DXY still trapped in the wave 4.

Long
Indice devise Dollar U.S. (TVC:DXY)  
IkanBilisCapital  
TVC:DXY   Indice devise Dollar U.S.
Trend Analysis Chart Patterns Technical Indicators DXY dxylong dxyindex dxyshort dxyanalysis dxyforecast
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trendanalysis chartpattern indicator dxy dxylong dxyindex dxyshort dxyanalysis dxyforecast
The DXY made a run to break the top of the channel this week and failed. We are likely to see price spend some time in this consolidation channel before it builds up enough momentum to break to the upside. We are short term bias to the downside for the DXY but we will be only looking for long entries on the pair. A retest of the bottom of the channel at 95.7 will be a nice entry for our long.
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