DXY reaching oversold and starting to create a blowoff top. Set up your long trades.
As we don't know how far the DXY will rise, we will enter in 4 positions. Split your investment into 4 and set your limits each 25% of your initial investment.
Trade Management:
First target, we are looking for a bounce back to lower levels. So this time we will close 50% with a sell stop if price rises above target of our position immediately. and scale in if we go back down to increase position size. Will keep you updated when trade is active.
We keep remaining positions and exit 10% each target, looking for new ATH.
SL is not in place until first target met.
As we don't know how far the DXY will rise, we will enter in 4 positions. Split your investment into 4 and set your limits each 25% of your initial investment.
Trade Management:
First target, we are looking for a bounce back to lower levels. So this time we will close 50% with a sell stop if price rises above target of our position immediately. and scale in if we go back down to increase position size. Will keep you updated when trade is active.
We keep remaining positions and exit 10% each target, looking for new ATH.
SL is not in place until first target met.
Trade active
Trade closed: target reached:
3 targets met
moving SL to 3300
moving SL to 3300
Trade closed manually:
Taking another 10% out of the market as we chances increase of a pullback
Trade closed: target reached:
Moving SL to 3800