DXY shortHi Seildev here.
This looks remarkably similar to the DXY slip in May this year.
- Point A shows the attempted recovery from 18th/May ~ 19th/May however fell lower within a day
- Point B shows similar patterns which shows recovery however will fall within a day.
Projected high move to hit 96.44 and fade.
Projected DXY to be 94.5 by end of this month. DXY has been avoiding patterns and showing impulse movements to bait retail traders which in turn reverses after 24 hour period. This is the new day of Q3 and start of new financial quarter which psychologically may portray a "fresh start" image for the heavily fading US dollar in the past quarter. I believe this would be a fake out and will reverse within 96.2 ~ 96.4 down to 94.5 by the end of this month.
Please trade with care. This is only my opinion from backtesting.
