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icaglar7

DXY Short Scenario

Short
U.S. Dollar Index (TVC:DXY)  
icaglar7 Updated   
TVC:DXY   U.S. Dollar Index
Trend Analysis Support and Resistance Supply and Demand DXY dxyshort dxyshortthenlong
3
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trendanalysis supportandresistance supplyanddemand dxy dxyshort dxyshortthenlong
DXY Short Scenario:

1. Open short when the triangle is broken downwards.
2. Take Profit when the price reaches the critical area.

Don't forget to put S/L.

* Remember, if the price breaks the triangle UPWARDS, opening a LONG position would be logical.
* I do not recommend you to insist and see the chart from only one perspective.

Stay Safe

Comment:
If price breaks the triangle upwards tonight, after FED interest rate decision, opening a long position would be a logical choice to catch the spike upwards!
Otherwise, short set up that I posted is valid.
Trade closed: target reached:
Took profit from the short position. Ascending support line is valid. Need to see couple of candles to make new analysis
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