DXY – A short break in the south

Hello,

and exactly mirrored to EUR/USD the DXY is going to complete its uptrend ideally at 97.000. I think the green tradingbox you can see in the chart above is a perfect point for a turnaround to the south and a perfect entry point to place a short order. After this short break in the south, the DXY starts again to move up. But this we will see later on.

Technically in Elliott-Wave-Speech the DXY completed wave a (purple in square brackets) and now we are in wave b (purple in square brackets) – in wave a (blue in brackets) of b to be precise. The idea is to trade wave b (blue in brackets). Wave b has its target at about 91.000, so the potential is good to place a short order.

Please leave a comment or a message, if you have any questions!

Take care
tgo

Trade active:

Hello,
as expected the DXY turned its direction in my green tradingbox.

Update short

Entry: 96.608
1. Stop: 98.300
2. Stop: 96.980

Take care,
tgo

Trade active:

...I meant the red one - sorry!

Trade active:

Hello everyone,
DXY is doing it well...

Update short

Entry: 96,60
1. Stop: 98,30
2. Stop: 96,98
3. Stop: 95.71

Take care,
tgo

Trade closed manually:

Hello everyone,
mirrored to EUR/USD, I closed my short position at 94,923.

End result short

Entry: 96,608
1. Stop: 98,300
2. Stop: 96,980
3. Stop: 95.710
Exit: 94,923
Profit: 1,685

Take care,
tgo