DXY

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Gann Levels and Octaves show strength in the USD. The drop could take us down to the cross on the lower trend. The instrument is consolidating which could mean it won't reach the lower level this time around.

Short term, it could fall potentially around 99.70-99.60

The overall bias here is long.


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

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up to 100 (channel high) down