Short-term selling plan!

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Short-term selling plan!U.S. Dollar Currency IndexTVC:DXYBatsman-EdwardWave 2 is currently testing a very critical resistance zone, sitting right at the 0.618 Fibonacci level (98.687) The DXY is the compass of the Forex market. When the US Dollar falls, it creates a huge wave that pushes EUR, GBP, AUD, and Gold higher. It acts as a heavy tailwind for the rest of the board. However, keep this in mind: DXY gives us the overall market direction, but every FX pair still has its own unique Elliott Wave structure. We use the Dollar as a strong signal, but we always trade the individual setup. If wave 3 plays out, that's the green light we are watching for.