I think we may see DXY profit-taking near 102.88 resistance(bulish flag target =102.76) It looks safe that selling EURUSD on retrace only before FOMC
Comments
IvanLabrie
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I'm on the fence about eur pairs right now...I'll wait.
HappyKing
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Ok it's good idea!
HappyKing
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chart structure is very poor
IvanLabrie
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You can proyect an AB=CD from the top before the flag, it's normally accurate, but I wouldn't enter a short now...I would keep a short open if I had it, yes.
HappyKing
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I have GU short, AU long now.. I'll keep it
I'll see monday's asian season box,, looking for sell eur as day trade
IvanLabrie
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Yeah...I got out of eurusd, eurjpy and gbpusd shorts and opened audjpy and waiting to open cadjpy and eurcad on a retracement.
Not too convinced on the usd strength thing for now.
About audusd, I got out for the time being, I fear a shakeout before a true reversal there.
HappyKing
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OK, confusing market.
I have small bias for USD long (100~109 in 3~4month) not convincing
Just stop loss is reasonable.
and switching other pairs to DXM15 futurs
Audusd, It could be zombie mode in mid march
It rebounded in 10 years nine times ...