As January comes to an end, the US Dollar Index sits at a critical technical level.
It is unlikely that the trend since October 2019 { red & blue regression } will continue downwards as it has been but right now it is time to be prudent - tighten stop losses & potentially scale out of open longs, as there is the risk of the December swing { red box } gains to be wiped out. No shorts to be initiated.
It is unlikely that the trend since October 2019 { red & blue regression } will continue downwards as it has been but right now it is time to be prudent - tighten stop losses & potentially scale out of open longs, as there is the risk of the December swing { red box } gains to be wiped out. No shorts to be initiated.
Comment:
Profit continues
Trade closed manually:
Time to exit EUR short, but NZD short continues with JPY hedge.
