U.S. Dollar Index
Short
Updated

Key Levels to Watch in the DXY: Preparing for Potential Reversal

221
Waiting on a reaction a tad higher. DXY

Looking at the levels 103.5 > 102.2. From there, I'll see how it behaves.

If it moves above 103.6, I’ll cut the short, as 105.4 will come into play.

Just playing out two scenarios with the same premise: down before more up...
Note
snapshot

Much better now. Might actually tap 104 before any significant retrace.

Still waiting to pull the trigger on this one.

DXY
Trade active
Good enough to start shorting. It's back below the previous swing and close enough to the earlier imbalance zone.

snapshot
Note
Pushing into the purple line. Still holding. Want to see weakness closer to that zone.

snapshot
Note
Needs the reaction here. Otherwise I am cutting on a reclaim of that area

snapshot
Trade closed: stop reached
Clearly, this is going higher.

Will wait and see if it reaches 105

snapshot
Note
Missed the entry at 104.3. Clearly the top of the move.

snapshot

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.