Shorting the Dollar: A Madman's Game

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I’m going to take this trade—it's close enough to the level where it would invalidate my idea. I may tighten my stops a bit, but I’m okay with taking a second shot later if I get stopped out.

The Dollar is indeed strong right now, so I’m going against the trend here. I’ll be aggressively taking profits if it dips a bit. If we push past 106.75, I might consider shorting it.

This price action is looking very similar to the July-September 2023 move.
DXY

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تم فتح الصفقة

Taking this one. Will close on a 4hr above 107.16

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ملاحظة

Monday - Tuesday will be the day! If the move doesn't happen by then, will re-evaluate. DXY

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ملاحظة

Need a stronger push down to be fully convinced! DXY

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ملاحظة

Last chance for bears to defend the zone. A close above 107 is no bueno. DXY

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أغلقت الصفقة: تم الوصول لوقف الخسارة

Should have tried one more time above 107... Next time.