This is what I call the DXY - Birds eye view!
Yes, it's the same chart I posted weeks/Months ago! I don't have crystal ball but i do trade what's Infront of me (Go throughout my previous posts, on what I really mean) - trade what you see, not what you think! I took long on SPX, on yields , short on dxy, long eur, jpy - Quick trades in out with the release and keeping some on to see how it plays throughout the day (Day trades). Those groups I am part of will understand how I strategies my trades and can have a fundamental trade plan! (Make a trade plan, follow your trade plan)
Looking at the high top areas of DXY and now c'mon things are looking little over extended CPI came in a little softer, key support area of 10yr and other yields - perhaps a short term PB is due and but be careful we have ECB this week - Are they really going to do anything and what direction are they going to go towards! Awesome week when it comes to fundamentals, there are still trading opportunities when I usually have weeks like this, I am observing keeping quick day trades. Take a look at precious metals :) Volts is back in FX and it's time to embrace this type of market. Remember, don't get too aggressive.
Have a busy week ahead!
TJ
Yes, it's the same chart I posted weeks/Months ago! I don't have crystal ball but i do trade what's Infront of me (Go throughout my previous posts, on what I really mean) - trade what you see, not what you think! I took long on SPX, on yields , short on dxy, long eur, jpy - Quick trades in out with the release and keeping some on to see how it plays throughout the day (Day trades). Those groups I am part of will understand how I strategies my trades and can have a fundamental trade plan! (Make a trade plan, follow your trade plan)
Looking at the high top areas of DXY and now c'mon things are looking little over extended CPI came in a little softer, key support area of 10yr and other yields - perhaps a short term PB is due and but be careful we have ECB this week - Are they really going to do anything and what direction are they going to go towards! Awesome week when it comes to fundamentals, there are still trading opportunities when I usually have weeks like this, I am observing keeping quick day trades. Take a look at precious metals :) Volts is back in FX and it's time to embrace this type of market. Remember, don't get too aggressive.
Have a busy week ahead!
TJ
Trade active:
Next level of resistance area 101-102 as time has gone by scaling out of my long term positioning trades - This can be seen via past posts!
Comment:
ECB Dovish - Hence why I remarked don't get too aggressive...