DXY extended the down move further

DXY keeps pushing down without any bigger correction, we were looking for correction up before any sells but it went down without correction. Next week we will be looking for sharp up on DXY and then a correction before we enter in the buys if we wont get a sharp move we will stay away. We would rather wait than enter in a wrong trade.

Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and Indicators.These methods might be working for so many people but we came to the conclusion that only "Wave Analysis" is powerful enough to make us consistent profitable forex traders.

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What we are sharing here is only our point of view on what could be the next move in the "Forex market" based on Wave Analysis and not signals...

Trade with care
We Trade Waves