USD $DXY imminent reversal on the hourly in play UE UJ
USD currently on a sequential 9 on the hourly, ripe for a long entry. Pending a green 2 above a green 1 to signify reversal. Would wait for a green 2 to confirm first.
Fundamentals are behind a DXY long trade due to Fed's QT and upcoming IRR increases in December, these two points establishes good tailwinds for a DXY long trade on major pairs.
Be patient, no need to force a trade due to overbought conditions on the daily. A test 'forced' entry would be DXY 96.62 on UE UJ.
Trade safe.
Fundamentals are behind a DXY long trade due to Fed's QT and upcoming IRR increases in December, these two points establishes good tailwinds for a DXY long trade on major pairs.
Be patient, no need to force a trade due to overbought conditions on the daily. A test 'forced' entry would be DXY 96.62 on UE UJ.
Trade safe.
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