MTayaib
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DXY (US DOLLAR INDEX) LONG BIAS

TVC:DXY   U.S. Dollar Currency Index
If Dollar Index Weakens XXX/USD goes up. If Dollar Index Strengthens XXX/USD does down.

Looking at DXY I can see a Reversal Pattern form inside the box with a Pin Bar , Doji and what looks to be a Bearish Engulfing Candle. However, the market is uptrending & this could easily be a retest on 98.00 for a continuation upwards to fulfill the -0.27% extension.

Plan A:
We have got a fair bit of USD news coming out in 5 hours following this week will be NFP and Client Sentiments show that the vast majority of Retail-Traders are Shorting the USD and Longing XXX/USD, So I choose to observe the masses and do the opposite which is have a long Bias on USD...Also I dislike going against the trend of the market;)

Plan B:
I will not be looking to Short the USD unless there is a clear break of the Counter-Trend line.
Targets at -0.27%
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