Fib extensions on the DXY trend since June
I picked that range since thats where the clean uptrend started
I expect the retracement to be one notch higher than the previous two because of war and inflation both worsening
I would become bearish on dxy if retracement is more fib levels than in the previous legs (and thereby challenges previous highs) and look to exit/sl on the bounce
I picked that range since thats where the clean uptrend started
I expect the retracement to be one notch higher than the previous two because of war and inflation both worsening
I would become bearish on dxy if retracement is more fib levels than in the previous legs (and thereby challenges previous highs) and look to exit/sl on the bounce
Trade closed: stop reached
With the red line crossed I'm no longer bullish on dollarEven if I'm still bearish on most markets I think dollar can continue to lose to metals and other currencies
Weekly bear div now printed
Trade closed: stop reached
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.
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.