DXY Short Scalping Trade
DXYIt seems like DXY is already broken a "short-term" down trend area. However, by zooming out in the Daily and Weekly timeframe, the overall trend is on the upward trajectory price.
Literally, I am a scapler, using a lower timeframe such as H1 and H4. If the price hit 113.660 area and cannot break this zone, I would open a short/sell position on my account.
The key of this trade is to be patient and wait for the price action such as bearish fat candle as a confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.