Long based on DXY

As we have been saying for a few weeks now we're expecting a short movement on the Dollar Index. Once that happens we will see long trades on EURUSD, GBPUSD, NZDUSD and AUDUSD. Keep an eye on the index for a breakout then decide which pair looks most likely to give the best price movement.

I'll update my ideas as they develop
First rule of trading - Protect you capital

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Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve Nixon

Comment:

OK things are moving up slowly - we could possibly be looking at another entry setting up. This trade depends on what happens on DXY so keep an eye on both

Comment:

Price has move up as forecast but not in a convincing manner. It currently looks like it wants to move back to the bottom of the channel again. I'm still looking for a long trade so I'll not trade it down if it goes that way - rather I;ll be keeping an eye open for any long set ups