US dollar index DXY short idea
Updated
Shorts only for the US dollar today, but looking at the chart we have a reasonable target to the downside which would complete a channel. A further push lower into an imbalance with a swing low with plenty of stops below it. To the upside, we have a double top and a continuation of a larger/higher time frame bullish trend.
In these markets, you need to pick a side and take any signal that comes your way. Going long and short on the same day will just lead to getting chopped up.
If you pick a side and you don't get filled it is a lot better than picking a side and losing money, so be grateful.
Short DXY would infer that we are looking for longs in EURUSD and GBPUSD
In these markets, you need to pick a side and take any signal that comes your way. Going long and short on the same day will just lead to getting chopped up.
If you pick a side and you don't get filled it is a lot better than picking a side and losing money, so be grateful.
Short DXY would infer that we are looking for longs in EURUSD and GBPUSD
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