Here we have the DXY on the weekly, what we are looking for is a drive lower to push out the now 'Net Longs' and to put them offgurad and to attract short sellers into this market.
Next we next to see a higher low somewhere in the regions of the highlighted area, in order to look for SHORT opportunities in the likes of:
EURUSD
AUDUSD
GBPUSD
NZDUSD
OR by going long on the FXCM USDollar index.
This of course may not happen however this is something we are keeping a very watchful eye on for the next couple of months.
Next we next to see a higher low somewhere in the regions of the highlighted area, in order to look for SHORT opportunities in the likes of:
EURUSD
AUDUSD
GBPUSD
NZDUSD
OR by going long on the FXCM USDollar index.
This of course may not happen however this is something we are keeping a very watchful eye on for the next couple of months.