Last weeks long trade went to full target.
As the CAD pushed the dollar lower all the way to a 2.618 target the Dollar has taken a lot back. But the current upside move has come to a halt and the dollar needs to go through both the 100 MA and the 50 MA to continue higher.
This triangle play between supply and demand zones and inner trendlines will continue. I will trade it on lower time frames by keeping an eye on DXY and Oil. Probably favoring shorts.
As the CAD pushed the dollar lower all the way to a 2.618 target the Dollar has taken a lot back. But the current upside move has come to a halt and the dollar needs to go through both the 100 MA and the 50 MA to continue higher.
This triangle play between supply and demand zones and inner trendlines will continue. I will trade it on lower time frames by keeping an eye on DXY and Oil. Probably favoring shorts.
