I have a Huge buy bias for DXY which is the DOLLAR.
Reason being from fundamental analysis. (news).
In summary Dollar had some positive economic news.
So because this is my bias I am looking for where fundamental and technical analysis agrees.
I am only looking for sells.
**Only downside is how strong sell momentum is so entry is very key here I believe patience is key and even if price goes my way I may not enter without an extra confirmation such as a retest or price action.**
Reasons for entry: -Moving average above price -Downtrend -Fundamental News
Where to enter: -At 1.38 level, if price retraces. -At 1.375 If price closes below and retests.
Trade closed: target reached
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BIG WIN.
Clean trade amazing confluence and price shot in my direction around 400 pips profit.