Dollar (DXY) One Last Move Before Huge Moves Upwards?
Traders, Do not get fooled by media reports on the dollar. Always think alternatively. DXY is reaching a point of huge reversal. This FCPZone (Fibonacci Confluence Pattern Zone) has potential of pushing the Dollar upwards.
Dollar at the moment is at a crucial point. It can reverse upwards any time but this FCP zone is much better place to look for a reversal.
Remember this is the last week of the month and that too a short one due to Thanks Giving. So there will be a lot of volatility. Be careful on the positions that you will open. Have a solid risk management in place.
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
Take care and trade well
-Vik
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
Dollar at the moment is at a crucial point. It can reverse upwards any time but this FCP zone is much better place to look for a reversal.
Remember this is the last week of the month and that too a short one due to Thanks Giving. So there will be a lot of volatility. Be careful on the positions that you will open. Have a solid risk management in place.
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
Take care and trade well
-Vik
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
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