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TradeAssociatesLLC
May 17, 2021 1:58 AM

Await top to be broken then SHORT Short

Euro Fx/U.S. DollarFXCM

Description

Hint: Short after top is broken

Recommendation:

Due to CPI news, DXY moved sharply down and is consolidating. The USD will continue to consolidate then strengthen. The highest probability trade will be a short after the top is broken Tuesday or Wednesday this week. For Monday to Tuesday, expect corrections down ward then a move up. Final target for the month remains to be 1.1800

Take a market order position upon the confluence of valid entry rules on the 4H or 1H chart.
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