Shorting the Dollar: A Madman's Game
I’m going to take this trade—it's close enough to the level where it would invalidate my idea. I may tighten my stops a bit, but I’m okay with taking a second shot later if I get stopped out.
The Dollar is indeed strong right now, so I’m going against the trend here. I’ll be aggressively taking profits if it dips a bit. If we push past 106.75, I might consider shorting it.
This price action is looking very similar to the July-September 2023 move.
DXY
The Dollar is indeed strong right now, so I’m going against the trend here. I’ll be aggressively taking profits if it dips a bit. If we push past 106.75, I might consider shorting it.
This price action is looking very similar to the July-September 2023 move.
DXYTrade active
Taking this one. Will close on a 4hr above 107.16
Note
Monday - Tuesday will be the day! If the move doesn't happen by then, will re-evaluate. DXY
Note
Need a stronger push down to be fully convinced! DXY
Note
Last chance for bears to defend the zone. A close above 107 is no bueno. DXY
Trade closed: stop reached
Should have tried one more time above 107... Next time. 
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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.