US Dollar Index Short

١٦ أغسطس ٢٠٢٣

Good day traders. Today we'll be looking at the US Dollar Index. As you can see from a bigger timeframe, the US Dollar is Bearish. We tested our major resistance on Monday the 14 of August 2023 and we can see price rejecting this level. I see some selling opportunities as we have been also trading in an Uptrend on the 4 hour time, and I'll be looking to take an aggressive entry at the current market price. I'd advice you to use PROPER RISK MANAGEMENT if you're also looking to take an aggressive entry. For a Risked entry I'd advice you to wait for the breakout and retest. I'll be targeting 99.544 for my final TP

Remember: Use Proper Risk Management