retail data mainly to deal with the consumer market side so I guess it had much more impact on the stock markets which then had a reflected illusion of DXY going up. They are after all very important figures representing the US economy recovery so I suspect DXY should start its retracement in the next few days.
Let's make small SL and ride the rise. :) And if I'm wrong it's a risk worth taking.
SL: Just a few pips lower than today (Tuesday)'s low, I conservatively set it at 1.372 which is still very tight SL. Good one.
TP: Fib based, all the way up to 1.384 is foreseeable. But realistically, start trailing stop from 1.3783 is more practical approach
Let's make small SL and ride the rise. :) And if I'm wrong it's a risk worth taking.
SL: Just a few pips lower than today (Tuesday)'s low, I conservatively set it at 1.372 which is still very tight SL. Good one.
TP: Fib based, all the way up to 1.384 is foreseeable. But realistically, start trailing stop from 1.3783 is more practical approach