DXY index Analysis:
Macro-> over-bought market
fake-breakout from 95 to 103, initiated by a bear trap, following a consolidating range.
Micro->price traded towards 103 into monthly resistance.
back to bearish downwards channel.
Sell setup:
entry at 101
stops at 101.91
1st target 100
2nd target 99
3rd target 98.50
Macro-> over-bought market
fake-breakout from 95 to 103, initiated by a bear trap, following a consolidating range.
Micro->price traded towards 103 into monthly resistance.
back to bearish downwards channel.
Sell setup:
entry at 101
stops at 101.91
1st target 100
2nd target 99
3rd target 98.50