A bullish dragon formation at a key local support with both indicators showing bullish divergence.
Long to the three targets with a perfect stop loss below the key level.
The DXY is also reacting at a key resistance and displaying bearish divergence.
Long to the three targets with a perfect stop loss below the key level.
The DXY is also reacting at a key resistance and displaying bearish divergence.
Comment:
First and second tp smashed!!! Why we continuously monitor our levels and in this case our support held perfectly
Comment:
Third TP hit - We are keeping a portion of the position open as the DXY has broken below key levels for now - We could see an extended rally for usd pairs
Comment:
We currently reacted at our next resistance which is shown on the chart. We reckon we will test that level again after this retracement, should we break above it we will keep the position open. If it holds as resistance we will close the rest.