The dollar has currently been consolidating since the uptrend reversal and then downtrend reversal since March.
The possibility of the dollar going below the 0.8205 mark seems unlikely, but anything can happen within the Forex market aye?
Disclaimer: Understand that investing in any financial market is a risk and you should not invest more than you can afford to lose. All investments and trading decisions should be based on your own judgement. By witnessing this chart you are agreeing that you and only you are responsible for your own trading or any investment decisions that you make. Anything witnessed in this graph is not investment advice nor pressuring or forcing you to use your money in any way. Resources are provided to you based on experiences; it is still your responsibility to do your own due diligence before making a decision. Losses appearing to your account are not our responsibility. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading. You should only trade based on your knowledge, experience, and willingness to trade.
- Scenario #1: Hold a SHORT position, possibly a breakthrough on the huge support apart of the consolidation.
- Scenario #2: Hold a SHORT position, then when hitting the support around the 0.8205 mark you will create a LONG position.
The possibility of the dollar going below the 0.8205 mark seems unlikely, but anything can happen within the Forex market aye?
Disclaimer: Understand that investing in any financial market is a risk and you should not invest more than you can afford to lose. All investments and trading decisions should be based on your own judgement. By witnessing this chart you are agreeing that you and only you are responsible for your own trading or any investment decisions that you make. Anything witnessed in this graph is not investment advice nor pressuring or forcing you to use your money in any way. Resources are provided to you based on experiences; it is still your responsibility to do your own due diligence before making a decision. Losses appearing to your account are not our responsibility. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading. You should only trade based on your knowledge, experience, and willingness to trade.