Hello Traders,
Hope you all are doing good!!
DXY is melting with the heat of US elections.
We have seen a sharp fall since the elections began.
However, recently DXY has tested the long term trend line.
For the next move, i will wait for
1) DXY to break below this long term trend line which will make it fall to 92 level.
2) If DXY is able to break above the channel upper trend line, then we can expect a bullish move here.
I expect price to test the channel upper trend line and then break below the long ter trend line as chances of Biden winning are increasing or say has multiple paths to win while Trump ways to win are narrowing further.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Hope you all are doing good!!
DXY is melting with the heat of US elections.
We have seen a sharp fall since the elections began.
However, recently DXY has tested the long term trend line.
For the next move, i will wait for
1) DXY to break below this long term trend line which will make it fall to 92 level.
2) If DXY is able to break above the channel upper trend line, then we can expect a bullish move here.
I expect price to test the channel upper trend line and then break below the long ter trend line as chances of Biden winning are increasing or say has multiple paths to win while Trump ways to win are narrowing further.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
