This is a follow up trade to my prediction of the top for the Dollar.
Check related ideas for my previous forecast.
We have a very good trade setup here and the target and expected ETA is on chart.
The lackluster reaction to the Fed's rate hike and the current sentiment readings make me think that this trade setup is of high probability, making it an ideal trade to take asap. When fundamentals and technicals align, we get the best results.
Good luck!
Ivan Labrie.
Check related ideas for my previous forecast.
We have a very good trade setup here and the target and expected ETA is on chart.
The lackluster reaction to the Fed's rate hike and the current sentiment readings make me think that this trade setup is of high probability, making it an ideal trade to take asap. When fundamentals and technicals align, we get the best results.
Good luck!
Ivan Labrie.
Trade active
Comment:
Entry #1 filled.
Comment:
Entry #2 was barely missed...so sad.
Comment:
Waiting for US stocks to open.
Comment:
Bewm...
Comment:
Smooth sailing, waiting for GDP in 43 minutes.
Comment:
So far so good, but at the end of the week we'd need to hit my target to stay in safely.
Might gap down on next week's open.
Might gap down on next week's open.
Comment:
Expecting gap down.
Comment:
Might be wise to trail stop loss down to 97.96
Trade closed manually:
Safer to back down in minimal profit.
Comment:
If in DXY shorts, flip long with 1-3 daily ATR stop.
Trade closed: target reached
