DXY – A short break in the south
Updated
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
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
HK-Capital-Management
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.