DXY 100.27 + 0.04 SHORT IDEA

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GOOD DAY TRADERS

HERE'S A SHORT IDEA ON DXY , THE INDEX HAS'NT BROKE THE 68.1% FIBONACCI LEVEL TRADING JUST BELOW

> YESTERDAY WE LEARNED THAT PRESIDENT TRUMP WOULD NOT REOPEN TRADE TALKS WITH CHINA TO RELAX TERMS - CNBC
> THE WHITE HOUSE ADVISOR THREATENED RETALIATION AGAINST CHINA FOR ITS ROLE IN THE SPREAD OF COVID-19 AS TENSONS RISE OR RATHER CONTINUE TO RISE BETWEEN THE WORLDS LARGEST ECONOMIES

TECHNICALLY WE ARE JUST BELOW THE 68.1 FIBONACCI LEVEL HAVING FORMED A DOUBLE TOP WHICH MIGHT SIGNAL AREVERSAL WITH THE BEARS THIS WEEK
TARGETING 50% FIB LEVEL
RISK MANAGEMENT
PERIOD - SWING












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