I entered this trade on the pullback. Structure on lower timeframes looks to be solidifying. Hoping a little dollar weakness can trigger an impulse up.
Looking at DXY, it looks like it is topping out and could come back down at any moment.
Note, this is a high risk trade: - Entered without Price Action confirmation. - May see a larger pullback for London Open.
My bias on DXY is still bearish and EU is still bullish, which is why I am so aggressive on this trade.
I will exit this trade if I don't like the price action in a loss or if I meet my profit target.
Let me know your thoughts.
Trade Safe! HEET
Trade active
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TP1 just hit.
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After stopping out break-even, I'd been watching the yields and DXY closely.
I reentered the trade and it is already set to break-even.
Lets see if the yields can push down resulting in a DXY drop.
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Surprisingly my 2nd try hit TP1
Trade closed manually
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TP2, TP3 & TP4 also hit. I am out of the trade now. I am expecting another DXY pullback to drive the price down and hopefully reenter again.
Awesome analysis. Especially the updates.
Thank you!
FXHEET
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@LuKaiPee, Thanks mate. I hope that this plays out, but I am afraid that this trade will end up break-even.
DXY is extremely choppy. I have no expectation tonight. Yields are jumping up and down triggering the big DXY moves.
RydenX
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Good job! DXY seems to be playing around. Hope it goes in your favor!
FXHEET
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@CryptoRyden, Thanks mate. I really don't like the way DXY is moving today.
Even if in profits, its been a really stressful day watching DXY going up and down.
Thank you!