In our favorable scenario, DXY correction those days since the 104 high is unfolding as a wave 4 A-B-C correction, in order for this scenario to be validated we must see imminent reaction to the upside next week. USD must breach 98.10 level (high of sub-wave iv) where shorts must close at first, and more important level 99.85 would be a strong indication of the upcoming move.
Important is that on Monday DXY must not break the 96.99 level as invalidates the counting, so an immediate move to the upside must be seen on Monday opening! Stay tuned!
Best way to play this move is with shorts eurusd, gbpusd and long usdjpy.
Important is that on Monday DXY must not break the 96.99 level as invalidates the counting, so an immediate move to the upside must be seen on Monday opening! Stay tuned!
Best way to play this move is with shorts eurusd, gbpusd and long usdjpy.
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Ex-bank prop trader,23+yrs experience trading FX and Fixed income. Semi-retired now trading for the fun. Join our YouTube youtube.com/c/Tradingmarkets
Ex-bank prop trader,23+yrs experience trading FX and Fixed income. Semi-retired now trading for the fun. Join our YouTube youtube.com/c/Tradingmarkets