The dollar index seems to be in a wave 4 correction. Price consolidates sideways and we see three legs lower. This correction might be over by means of a shallow correction. However we have to keep in mind that we might see another leg lower towards the 38.2% Fibonacci ratio as well as the wave 1-2 channel zone.
If we see a break lower I will be shorting the dollar index, if that's a minor consolidation lower and not an impulse I adjust and consider this wave 4 correction to be over.
So keep an open mind, I either sell for a new low for C or buy after a consolidation.
Safe trades!
If we see a break lower I will be shorting the dollar index, if that's a minor consolidation lower and not an impulse I adjust and consider this wave 4 correction to be over.
So keep an open mind, I either sell for a new low for C or buy after a consolidation.
Safe trades!
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