DXY

2022년 7월 9일

7.9.22 DXY I'm looking for the gold to find support so that the market will reverse and move higher. On the other hand, it would be nice to see the dxy move lower. I did not have time to talk about gold, but there is a very common reversal pattern on the DXY That will wash and rinse buyers and sellers... causing harm to both sides before the market finally is that it is probably going to move lower. I didn't say this on the video, but the market produced with some people would call a pin bar, which is a reversal tool. I don't like it per say because I find it very unreliable if you just look at a single bar doji pattern to define the market. I think I am describing human behavior between buyers and sellers and that I am a more inclusive Dynamics for both buyers and sellers to keep you out of trouble and on the right side of the market. If this Market had more range in it, you could conceivably trade it as a fire and a seller. In this example I used it to keep you out of trouble as a seller to avoid getting stopped out have a short position when the market was likely to find very strong support and trade higher first. There is one caveat to the video: While there is a suggestion that this market will move lower, there are some potential support levels that we need to watch for. When you learn patterns, the process is a lot faster than my presentation, however you have to use your brain cells and think a little bit and be engaged. But this will help prevent losing trades. Besides, it's better to use them before you lose them (brain cells).