DXY - 500 Pips Short Opportunity

DXY has been in a consolidation area sine the end of January and hasn't been able to go any higher. We could expect it to break it's current support to continue the bearish trend it's in and fall even further down as there is yet no signs of strength.

Wish you all the best :)

Happy trading!

تعليق:

Not to be confused with a continuation pattern. This was a reversal pattern as price was making higher highs on the lower timeframe and rather finding the support to move back up and not in the contrary losing strength.

I am too a human being and we all do mistakes. But what is important, is to learn from them so as we do not repeat them. This was a while ago and looking back at it now, I would've clearly bought it rather than sell it after confirm with the lower timeframes.

Lesson is, the more experience you have, the better you trade. Thus, backtesting and practicing is the answer to better performance.