Hi Guys,
DXY has been ranging, but we came from a the lows of the previous week ( 3 - 7 August) which were around $92.47 up to the highs of this week $93.90 hence the strength in the USD pairs with some exhaustion towards the end of the week as price is journeying towards the lows ($92.47) but we stuck in the middle.
The trading plan is as follows; Whatever the price action will suggest at either the highs or lows will determine whether we sell or buy. Right now price is in the middle of the structure so it is best to wait for price to reach either parts of the structure (highs or lows) before anticipating to enter the market.
Please be so kind as to like, comment and follow me if you agree with my analysis (or not).
DXY has been ranging, but we came from a the lows of the previous week ( 3 - 7 August) which were around $92.47 up to the highs of this week $93.90 hence the strength in the USD pairs with some exhaustion towards the end of the week as price is journeying towards the lows ($92.47) but we stuck in the middle.
The trading plan is as follows; Whatever the price action will suggest at either the highs or lows will determine whether we sell or buy. Right now price is in the middle of the structure so it is best to wait for price to reach either parts of the structure (highs or lows) before anticipating to enter the market.
Please be so kind as to like, comment and follow me if you agree with my analysis (or not).