DXY: why should it form a W?

已更新

Hi Guys,

I am not sure yet but at the moment I've got this idea from @JamesEvison which I'd like to share and develop further.

Here is the link to James' post:

DXY - Possible scenarios going into next week

FYI I am looking for a trade opportunity during the CD leg therefore, for the time being, I will wait and see where it find support first. If it doesn't find support at 4 I will have to review this idea.

Please leave your comments and a "like" if you would like me to keep posting on this move. Thank you for your support.

Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

註釋

Here some similarities with EUR/USD but the opposite way. If you learn how to read it they provide good targets: