DXY has been breaking key levels of support and is currently holding under 97.1; giving me a bearish outlook on usd/xxx and bullish on xxx/usd.
IMO UsdJpy is offering the cleanest chart and the best R/R so I will be trading the yen in correlation with this chart, click to view trade idea.
If we get above 97.7 that would invalidate this idea and I would look to get long on a retest of this key level (if conditions are correct). However I don't even want to think about longs until we get down to that 96.5 area. Charts and Updates to come
IMO UsdJpy is offering the cleanest chart and the best R/R so I will be trading the yen in correlation with this chart, click to view trade idea.
If we get above 97.7 that would invalidate this idea and I would look to get long on a retest of this key level (if conditions are correct). However I don't even want to think about longs until we get down to that 96.5 area. Charts and Updates to come
Comment:
alright looks like we are starting to break and fall away from that 97.1 area I have highlighted. Waiting to see how the market reacts to 96.5
