Dollar SL Hunt // Lower High Scenario
Updated
Hello, Dollar is trading in a downtrend with lower highs and lower lows on a multi year timeframe.
If we assume that we will see soon another Lower High then this would make up for a good Short setup.
I think there are massive stop buy/sell orders above recent years high´s, my thesis is that we trigger these stoplosses (stop loss hunt) before DXY tanking downward.
I´ve also drawn the price action i expect in the coming years to come, as you can see above in white.
This is more a longterm play, i guess. If you have significant ammounts of USD you may wanna change them to eur or another currency soonish according to my setup.
As always things may not work as planned so i would still have good risk management in place, as we could also make higher highs on a big frame.
But assuming the trend of lower highs/lows is intact this is definitely worth a short setup in my opinion.
DYOR and please leave a like :)
Note
The "Crash" could come as late as 2027 tho...but also possibly earlier.Green Curve has to break, in order for DXY to crash for real i think
Trade active
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.