Taneesha

Dollar showing signs of early reversal

Short
TVC:DXY   U.S. Dollar Index
Last week at the end of the week we saw smart money trying to fake people to the up and downside. On the smaller time frames, you see the dollar falling really nicely. Breaking small Breaks of structure. I am waiting for the dollar to hit the 4-hour Support area. I am looking for signs of weakness to the downside and push back up again or price might just break that 4 hour support area and keep falling.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.