Looking for a break upwards out of this descending pattern for DXY on the 4HR.
This week should have a lot of impactful news for the dollar, which - in my opinion - points to the upside at least short term.
Look to set a breakout LONG at the location highlighted on the chart.
This week should have a lot of impactful news for the dollar, which - in my opinion - points to the upside at least short term.
Look to set a breakout LONG at the location highlighted on the chart.
Comment:
Keep in mind, if you are trying to trade inversely with GOLD, it appears the traditional INVERSE CORRELATION is changing depending on the day. Keep this in mind...
Comment:
As of 13:50, move your SL to 103.260 to reduce risk further.
Comment:
As of 14:04, move your SL to break even if you so desire
Trade closed: target reached:
Can potentially close position here at R1
Trade closed: target reached:
Personally closing position here at 14:41 at 103.580
Comment:
Overall target hit. Not bad at all!