US dollar index DXY short idea
Shorts only for the US dollar today, but looking at the chart we have a reasonable target to the downside which would complete a channel. A further push lower into an imbalance with a swing low with plenty of stops below it. To the upside, we have a double top and a continuation of a larger/higher time frame bullish trend.
In these markets, you need to pick a side and take any signal that comes your way. Going long and short on the same day will just lead to getting chopped up.
If you pick a side and you don't get filled it is a lot better than picking a side and losing money, so be grateful.
Short DXY would infer that we are looking for longs in EURUSD and GBPUSD
In these markets, you need to pick a side and take any signal that comes your way. Going long and short on the same day will just lead to getting chopped up.
If you pick a side and you don't get filled it is a lot better than picking a side and losing money, so be grateful.
Short DXY would infer that we are looking for longs in EURUSD and GBPUSD
Note
EURUSDNote
GBPUSDNote
EURJPYNote
GBPJPY
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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.