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DXY (dollar index) Review – October 23rd, 2018

DXY Review

DXY did another retest of 96 MM level, this was SM testing supply level before dropping DXY. It did take out a small LQP (liquidity pool) and we are now seeing DXY dropping down; we expect old order block level to act as support at 95.80 level and also at 95.60 level.

We will eventually see DXY come down to the liquidity poos resting at 95.20; you have to review lower TFs (time frames) to see several trade opportunities. DXY dropping will allow for several opportunities on e/u and gold; anyone that followed our forecast yesterday would have seen the great opportunity on gold this morning where it jumped A LOT (good payday)

Please make sure to do your own analysis, this is only how I trade with DXY as my support for direction.

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DXY Review DXY did another retest of 96 MM level, this was SM testing supply level before dropping DXY. It did take out a small LQP (liquidity pool) and we are now seeing DXY dropping down; we expect old order block level to act as support at 95.80 level and also at 95.60 level. We will eventually see DXY come down to the liquidity poos resting at 95.20; you have to review lower TFs (time frames) to see several trade opportunities. DXY dropping will allow for several opportunities on e/u and gold; anyone that followed our forecast yesterday would have seen…

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DXY analysis for October 23rd, 2018

DXY analysis for October 23rd, 2018

About Chris

Chris Wittusen started trading in early 90's, mainly in stocks but is now mainly trading in Forex (currency trading). He also manage a successful Forex group on Facebook, where he shares his knowledge to other people that want to learn more about how to trade in Forex. His technique still applies to both Forex and Stocks due to his style of naked chart trading along with box trading.
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