DXY short potential July 2024. Risks of govt intervention in FX

fter successfully trading dxy long due to inflationary pressures and unrealistic beliefs surrounding the scale and scope of Fed interest rate cuts. It is now time to look for value in selling dollar at high prices and to plan that approach after the 6 month close. Their are govt forces that hold USD dollars and will potentially seize the opportunity to gain more value buy offloading the dollar at higher prices, such as japan and china who have in the past intervened in the currency markets. the timing of the sell also correlates to the general election cycle uncertainty. During the last general election of Trump the dollar did pump but only after a sudden volatile move lower on the dollar. timing is essential. the 6 month candle close at or near the highs would be the potential to execute a dollar short. the oil chart and its prices will also come into play so the certainty of counter trending an obviously bullish move at this time will be remain to be seen. trade safe trade smart manage risk respectfully Artisin.