DXY: A Retracement Is Due
US DOLLAR CURRENCY INDEX TVC:DXY
Comments on the chart.
Please wait for weakness before shorting. A 3rd wave can continue past the indicated resistance on the chart. Why stand in front of a bullet train?
The second thing is this: Instead of trading a wave 4 why not wait to buy the 5th wave? Leave trading the wave 4s to shorter term traders and scalpers who can nip in and out of the markets at short notice.