TRADE IDEA ON SHORT SIDE - US DOLLAR INDEX (DXY)

Jan 9

Symbol - DXY

DXY is currently trading at 109.16

My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side.

Shorting DXY at CMP 109.16

I will add more position if 109.65 comes & will hold with SL 110.05

Targets I'm expecting are 108.00 - 107.30 & below.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

Jan 10

Trade active

Added more at 109.65
Avg Sell price now is 109.41

Holding with SL 110.05

Jan 13

Trade closed: stop reached

SL Triggered. Trade Closed.

Jan 15

Note

It touched my SL because of Non-farm payrolls data news & It is falling since then & continuing its fall.

Jan 31

Note

Touched both targets.