This signal can end up nullifying a quarterly chart uptrend signal in $EURUSD, certainly interesting, massive coiled spring here. I'm keen on going long the dollar against weak currency pairs here. The $DXY trade itself isn't bad at all either.
Market is in risk off mode so far, we had rising $VIX and $DXY while everything else was falling.
Risk is 1.1% ish down from here, so size your positions according to your max risk tolerance.
Best of luck,
Ivan Labrie.
Market is in risk off mode so far, we had rising $VIX and $DXY while everything else was falling.
Risk is 1.1% ish down from here, so size your positions according to your max risk tolerance.
Best of luck,
Ivan Labrie.
Comment:
You can trail stops to the level shown here, and add on dips at two levels.
