SteveNixon
Short

Still waiting for a short trade on the Dollar index

TVC:DXY   U.S. Dollar Currency Index
162 views
13
In line with my analysis on the higher time frame (see link below) I'm still looking for a short trade on the dollar index
We've had a couple of breakout attempts so far (circled) which have both retraced back up.
Let's see if the next attempt is successful. If not then we'll get another wave back up before this structure is complete.
My long term view (the next month or so) is short and I'm trying to get into it as early as possible.

I'll update my ideas as they develop
First rule of trading - Protect you capital

Any one trying to learn Elliott Wave Theory can find a FREE comprehensive Building Blocks video course on my website. See my profile for the link.

You can also follow updates via twitter (link from my TV profile)

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve Nixon

Comment: The correction continues - this could still push higher but I'll be looking for the short trade until it comes. Naturally if an obvious long trade presents itself I'll let you know.
Comment: Let's see if this pushes lower - remember price is still within the corrective channel on the higher timescales
Comment: Expected break of channel? Wait for confirmation if you are not already short on this

Comments

Slick!
Reply
What will the stop loss and Take Profit be please
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out