Still waiting for a short trade on the Dollar index

5 Nov 2017

In line with my analysis on the higher time frame (see link below) I'm still looking for a short trade on the dollar index
We've had a couple of breakout attempts so far (circled) which have both retraced back up.
Let's see if the next attempt is successful. If not then we'll get another wave back up before this structure is complete.
My long term view (the next month or so) is short and I'm trying to get into it as early as possible.

I'll update my ideas as they develop
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This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve Nixon

7 Nov 2017

Nota

The correction continues - this could still push higher but I'll be looking for the short trade until it comes. Naturally if an obvious long trade presents itself I'll let you know.

9 Nov 2017

Nota

Let's see if this pushes lower - remember price is still within the corrective channel on the higher timescales

14 Nov 2017

Nota

Expected break of channel? Wait for confirmation if you are not already short on this