Dxy long term sells?, Expanding ascending to the top showing loss of momentum from the bulls, Now Market structure has been broken, the bulls have failed to create a new HH. Your thoughts would be appreciated on this one
Trade active
Comment:
Dxy Short have finally committed themselves, last week saw CPI news confirming our bias, With the trend and previous HL broken, it is safe to say the Dollar index is no longer bullish, if you decide to find yourself in the move, you should wait on the retest of the trend which lines up with 0,50 of the Fibonacci, a continuation pattern would increase the odds of this trade
Trade active:
Yep!! Dxy played out exactly as we expected, shorts are at play! and we still looking to continue with them, inversely holding the longs on EURUSD.