The dollar moving higher. If i am correct its reaching for 91.82 level to fill the inefficient move. I want to see the price move lower to 90.24 level and and look for bullish PA to get long ( foreign currencies short) , if price moves lower and closes below the 89.50 level. I will wait for price to retrace back to 89.50 for sell.( foreign currencies long)
What i look for?
Price opens and moves higher to 90.24 to 90.40 level i will observe PA to go short. Targets 89.50 , 89.00 and 88.24 level ( always scaling off position at swing points)
If price moves higher breaks above the recent high. I will wait for price to dip back into PMEQ area for short term buy.