DXY Analysis. Its close!
Updated
Hello Everyone. I want share my idea about DXY.
In my last idea DXY price went exactly as i planned.
( I will link in that post that idea )
After big news what was CPI we had big fall which retest Aug low and came back to weekly trendline. but what we have here now? what is my plan for next week?
We are at really important place because its close to July Strong high ( from here we saw pretty Bearish movement which was almost with no LH and broke Weekly support)
Weekly trendline (from that trendline it touch 4 times and after all the touch we saw big bearish movement, its 5th touch) and daily resistance ( here we had many touch).
My price prediction is short but i will open my short position after i see FOMC news, i think at the new day we will see some real movement of dollar. I would like to see retest that all zone what i mentioned and see if sellers are still strong or not. If seller will be still active we will see one more strong down side movement.
In my last idea DXY price went exactly as i planned.
( I will link in that post that idea )
After big news what was CPI we had big fall which retest Aug low and came back to weekly trendline. but what we have here now? what is my plan for next week?
We are at really important place because its close to July Strong high ( from here we saw pretty Bearish movement which was almost with no LH and broke Weekly support)
Weekly trendline (from that trendline it touch 4 times and after all the touch we saw big bearish movement, its 5th touch) and daily resistance ( here we had many touch).
My price prediction is short but i will open my short position after i see FOMC news, i think at the new day we will see some real movement of dollar. I would like to see retest that all zone what i mentioned and see if sellers are still strong or not. If seller will be still active we will see one more strong down side movement.
Trade active
i open short position if DXY will change trend from here i will long all pairs versus dollar. good luck everyone.Note
Still in uptrend, i cant see any sellers yet.
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