Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
DXY - Dollar weakness to come - Risk/Reward of 3.8 !!!
U.S. Dollar Index
Short
DXY - Dollar weakness to come - Risk/Reward of 3.8 !!!
By ElliottWaveBelgium
Follow
Follow
Updated
Nov 8, 2018
9
Nov 4, 2018
Price going lower in impulsive fashion as long as we trade below 97.2.
This view is supported by EURUSD & AUDUSD trading higher.
Trade Setup :
Entry : market price (or ideally 61.8% Fib level)
Stop : 97.2 (invalidates the wave count)
Target : 93.7
Nov 7, 2018
Note
Price continuing lower nicely.
Move Stop to break-even !
Nov 8, 2018
Trade closed: stop reached
Nothing lost. Nothing won.
Beyond Technical Analysis
dollar
DXY
riskreward
short
Trend Analysis
Wave Analysis
ElliottWaveBelgium
Follow
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Also on:
Related publications
AUD/USD - Prepare for a correction higher
by ElliottWaveBelgium
AUD/USD - Go Long RGHT NOW !!! - Minimum risk/reward 1 : 3.5
by ElliottWaveBelgium
EURUSD - Bullsih view prefered - Good R/R
by ElliottWaveBelgium
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
.