With King Dolla Strength and the decent NFP print I fomoed myself in at 120.1 before this blew up to 121+ !!!!
However as our resident bear Peter Schiff pointed out "The number of Americans not in the labor force surged to 98.9 million, a new record high as the participation rate dropped to 62.8%".
Still it didn't stop the DXY making nice gains today. The trade is risk free now with trailing stops set.
Let the Nikkei be your guide here.
Comments
Benjamin_
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This Setup continues to payout, loads more profits to be had here.
IceTrading
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Cool TA I think its still to early to enter though waiting till it breaks the upper resistance for confirmation. Nice again, 1up