DXY Weekly Chart: "The Bull-trap Breakout"
The US Dollar Index is currently positioned at the top of its trading range, which has been in play since 2023 on the weekly timeframe. This presents a solid bearish setup, as the index is likely to reverse and trade back into the range.
This trade idea has been in play since September of 2024 when we were still trading at the BOTTOM of the range
This trade idea has been in play since September of 2024 when we were still trading at the BOTTOM of the range
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