US DOLLAR (DXY) - 1D - Target Hit, but the trade is not over
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying:DXY
Time frame:1D
I posted the chart orginally on 03/10/2017. A few days later it went straight into our profit target zone and then declined.
I am now looking for a push back into that pink trading zone, why? Moving my attention to the MACD on the chart I can see that the two EMA's have now moved above the centre line.. however they are not close enough to start crossing over. What I feel will happen is a few days of trading "side-ways" and then another push up which is why I am still long the US Dollar. This was keeping in line with my original trade as it has sold off 10% from its highs.
ORIGINAL CHART
Underlying:DXY
Time frame:1D
I posted the chart orginally on 03/10/2017. A few days later it went straight into our profit target zone and then declined.
I am now looking for a push back into that pink trading zone, why? Moving my attention to the MACD on the chart I can see that the two EMA's have now moved above the centre line.. however they are not close enough to start crossing over. What I feel will happen is a few days of trading "side-ways" and then another push up which is why I am still long the US Dollar. This was keeping in line with my original trade as it has sold off 10% from its highs.
ORIGINAL CHART
