USD Index // Preparation for the ExpansionThe Dollar Index is bearish on the daily, within the valid daily countertrend.
The H4 long countertrend is also valid, and since in this trend, there is no space to trade, I'm waiting for the market to turn south in the direction of the daily short trend.
My trigger is at the H4 breakout. Once this level is broken, I'm in to ride the wave down to the daily breakout (blue) and maybe to the weekly breakout (purple).
The correction fibo is drawn with thin black dashed lines, and 38.2 is pretty much in line with the daily breakout, therefore, a nice target.
Going for the correction fibo 50 is a bit more risky, and there is the weekly breakout along the way.
Stay Patient, Stay Disciplined!
🏄🏼♂️
And feel free to express your opinion in the comments! 🙂