Fundamentally, the DXY is struggling to push up further. The latest C.O.T report shows that for the DXY(USD), retail traders have closed the longs and added shorts hence my bias to the downside.
Technically, I am waiting for the DXY to complete its correction upwards, then I will short it. If it plays out that is. We also have a potential Head and Shoulders pattern, which is a reversal pattern. Homework done, now waiting for the market to come to me.
Just my opinion...
Technically, I am waiting for the DXY to complete its correction upwards, then I will short it. If it plays out that is. We also have a potential Head and Shoulders pattern, which is a reversal pattern. Homework done, now waiting for the market to come to me.
Just my opinion...