We are nearing the end of the week corrective structure in both the Dollar index and the EURUSD. At the moment price is in a correction of last weeks move so we should be looking for a continuation trade.
Please remember to share and like. This is not investment advice but rather educational Steve Nixon
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Don't jump in wait for a set up
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So far so good. Let's see if this is the end of the correction. I'll post a new analysis later today
You are doing great stuff Steven thank you this video.
I'm having bearish outlook for the DXY and i'm expecting it to reverse,
SteveNixon
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@omar87, I was calling dxy short for a few weeks but I now think it is going long. Until it breaks the top there is always a possibility that it will put in a deeper correction.
InvestingScope
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Very informative. We believe confirmation is required on two points to add new shorts:
WinLoseTrade
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very informative i'm still holding long and might go short pretty soon ;) thanks for sharing
SteveNixon
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@MyrullZedd, Thanks for your feedback
abdo1994z
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sell ?
SteveNixon
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@abdo1994z, I would wait to make sure it's going short and not simply correcting the move up. We should know very soon
abdo1994z
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@SteveNixon, i said sell because of the opining job analyes at 14:00 usa witch is very short trade you can make