Short

DXY - Short Possibility?

Updated

78.6 Confluence after price broke out of a bullish trend/channel and now has created a second top that is at the 61.8 of the last creating a bearish channel.

Break and bar close below 105.488 has high probability to push down

Note

I am not trading DXY simple more so to keep track of my commodities trades.

we have some bearish momentum.

I will likely see it get back to ema

Note

Wick filled both ways with candle bodies. 8:30 unemployment claims and building permits come out. More than likely permits are going to be bad, (I am a general contractor/developer myself) because subs are constantly calling for work as of late which is abnormal for when they are busy. That means building has softened and therefore very likely jobs have to. Retail was already down last week which are typically induced jobs.

BetterBusinessBully

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