Hello Traders,
By looking at the dollar index, we can see a zigzag pattern ( 5-3-5 ) forming.
Zigzag pattern is made of 3 waves:
Wave A = 5 waves
Wave B = 3 waves
Wave C = 5 waves
We are now in wave C= 5 waves, currently in subwave 3. Expecting USD weakness means XXXUSD Strength and USDXXX Weakness.
See lower timeframe:
DXY 4H - Ideally price retraces back to 50% - 61.8% fib. Wait for price to come back and then you can get in:
XXXUSD LONG
USDXXX SHORT
By looking at the dollar index, we can see a zigzag pattern ( 5-3-5 ) forming.
Zigzag pattern is made of 3 waves:
Wave A = 5 waves
Wave B = 3 waves
Wave C = 5 waves
We are now in wave C= 5 waves, currently in subwave 3. Expecting USD weakness means XXXUSD Strength and USDXXX Weakness.
See lower timeframe:
DXY 4H - Ideally price retraces back to 50% - 61.8% fib. Wait for price to come back and then you can get in:
XXXUSD LONG
USDXXX SHORT
Note
EURUSD Example 
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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.
Related publications
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.