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machintose
Sep 21, 2020 10:04 AM

A simple quick trade on DXY Long

U.S. Dollar Currency IndexTVC

Description

I just saw this by accident and it looks like a good setup.
If you see what I see, this is a low risk trade and generating 2.54R.
It also means, all currency pairs with USD as a base currency will be relatively stronger.

Here is my trade:
Long now at market: $93.28
Stop Loss at $92.64
Take Profit at $94.95
Risk Reward Ratio = 2.54R

Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.

Comment

Move your SL at $93.50 and enjoy the risk-free trade.

Trade closed manually

Lack of power to go UP.
Perhaps it's an anticipation for tomorrow Presidential Debate.
Close now with profit.
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