DXY: Uptrend continuation confirmed

TVC:DXY   U.S. Dollar Currency Index
DXY             has broken an 'inside trendline', which had capped the rallies so far, and the yearly SMA , after confirming an uptrend continuation setup, generated after the Brexit rally. We can safely long with stops under say today's low.
If you're already in, adding to longs (not needed to trail stops) is a good idea.
See the related ideas for more information. If you want to take a longer term position here, you can also enter with 0.5%-1% risk, using a stop under 95.34, and no take profit orders. You can take both, as separate trades, risking a total of 1-2%.

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Ivan Labrie

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We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
Comment: If we get a pullback, scale in.
I'd book some profits or trail stops soon.
Very nice idea. Thanks, ivan.
+1 Reply
IvanLabrie zhipengcfel
Welcome, hopefully it works well for us.
Good luck!
Thanks for stopping by.
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