TradingView
gcplau
May 22, 2018 4:06 AM

PA opportunity for Dollar Short Short

U.S. Dollar Currency IndexTVC

Description

This is a counter trend trading.

Analysis —
Day Chart : key level 94.00~94.20 touched with candle printed with bear pinbar;
RSI : 3 point RSI divergence in front of this pinar

Execution —
short dollar by long it's counter pair such as AUDUSD
dollar reference level as triggers, but execution is in Aussie (or 70% Aussie, 30% Nu)

Timeframe —
this is a 60chart entry, PT is at 60chart trend retrace 61.8% or 50% at 61.8% and remaining trail down or simply at 76.4%

GOOD LUCK!

Comment

Short Triggered at 93.62.

Comment

Short DXY at May22, 06:15 UTC, equivalent to AUDUSD long @ 75.89; or EURUSD long @1.1772

Trade closed: stop reached

More