Medium Term Dollar Trade Idea
Updated
Dollar DYX has been in a long bearish trend this year. I suspect this will see a large retracement in the coming months.
For me, price must trade below 93.00. Once there, any rally above will be a buy signal. Like for more updates.
Note: All ideas shared here are for learning and understanding purposes only. Any trade taken on this projection is done so under your own risk.
For me, price must trade below 93.00. Once there, any rally above will be a buy signal. Like for more updates.
Note: All ideas shared here are for learning and understanding purposes only. Any trade taken on this projection is done so under your own risk.
Note
Price has dipped below 93.00. Now watching for confirmation of a rally higher.Note
Price has confirmed the move higher with an additional swing low. Watching the 94.25 level as resistance broken and further supporting the longer term move higher.Note
Nice big range move today with the ECB acnnouncement. Further confirmation of our trade idea. Watch for further entries!
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