Shorting the Dollar: A Madman's Game
Updated
I’m going to take this trade—it's close enough to the level where it would invalidate my idea. I may tighten my stops a bit, but I’m okay with taking a second shot later if I get stopped out.
The Dollar is indeed strong right now, so I’m going against the trend here. I’ll be aggressively taking profits if it dips a bit. If we push past 106.75, I might consider shorting it.
This price action is looking very similar to the July-September 2023 move.
DXY
The Dollar is indeed strong right now, so I’m going against the trend here. I’ll be aggressively taking profits if it dips a bit. If we push past 106.75, I might consider shorting it.
This price action is looking very similar to the July-September 2023 move.
DXYTrade active
Taking this one. Will close on a 4hr above 107.16
Note
Monday - Tuesday will be the day! If the move doesn't happen by then, will re-evaluate. DXY
Note
Need a stronger push down to be fully convinced! DXY
Note
Last chance for bears to defend the zone. A close above 107 is no bueno. DXY
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