I am on the dollar and I see it going up to a previous where it caught alot of sellers as seen in the picture.
These are my past results:
DXY Week 1 ( finished - Huge drop is expected):
DXY Week 1: (Found support right on the 0.618 fib level)
After these moves had played out I started drawing a new with both D and C as unknowns. My assumption was that the DXY would move up to retest the and then later fall to either one of my lines in the pictures. The first line is strong structure but the 2nd line is a significant reversal zone where The Dollar gained strenght after being for a long time, these are the results:
DXY Week 2: (Continuation of the first pictures, DXY found resistance at 0.618 fib and a new is discovered)
DXY Week 2: ( is fully completed and is now located in the green zone shown in the main picture)
As I mentioned earlier, I am on the dollar. But! It has room to the downside as this zone is large (green zone shown in the first picture)
I hope this analysis brought some insight and ideas to your future trades.