DXY Short

5 Şub

I think DXY is going to keep ranging. As we near the range high, with the descending tend line as confluence, I think this is a good short setup targeting the range low.

14 Şub

Not

We reached the range high and trend line resistance area. Given this move was largely against consensus, I'm not going to enter the trade just yet, especially given the concerning CPI data from yesterday. Will be looking for the level to reject on good news, or other signs of weakness.