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U.S. Dollar Index
Long

DXY LONG

By CrescendoFX
Updated
The dollar index has been correcting for three months. On Friday 2/3/23 the DXY closed above supply for the past two weeks closing above twice its average daily range. With such a big move being made inside of the monthly demand zone I project the DXY testing it's 114 high.
Trade closed manually
So I closed my trade on the DXY. I was using the DXY as an indicator to watch the USD/JPY. USD/JPY hit my first TP of 100 pips. I entered at 131.373 and got out at 132.373. I would've really liked to have added on to my position however since the DXY is showing signs of reversal I am glad I have exited.
Trade active
After today's DAILY candle close I entered into the long position. Price gave a long confirmation with a BLUE-RED-BLUE Color Change to the upside. There is currently no supply to the left of current price indicating profit potential for "easy" money to be made.
Chart PatternslongopportunitylongpositionlongslongsetuplongsignallongtradelongtradesetuplongtrendlongusdTrend Analysis
CrescendoFX

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