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JohnnWick
Nov 25, 2020 4:59 AM

DXY TUESDAY UPDATE  Short

U.S. Dollar Currency IndexTVC

Description

So far the DXY traded above the previous yellow line that I had marked up in the analysis that is connected to this analysis. It retraced into the weekly price (red line) but didn't trade above it so im still bearish on the Dollar. As of now I would like to see the market retrace into this order block and continue bearish to take out the low that was formed yesterday. If it doesn't and takes out the low look for retracements in the dollar then go long on xxx/usd pairs!
Comments
manesa611
Amazing
JohnnWick
@manesa611, thank you I appreciate it
Dave-FX-Hunter
Good idea
JohnnWick
@DaweFXHunter, I don't see this happening there's a lot of bearish momentum with the dollar
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