The Uj is stuck into the orange triangle between 99.11 and 98.30 but the global trend is still up . a break above 99.11 will lead the price to the next resistance 99.63 otherwise we go down toward 98.30. so this might be seen as trading range but a little bit hard to notice; so you know when to place sl if you think of shorting the dollar.
My take for tomorrow will be: shorting the dollar from 98.90 toward 98.50 then my exit price will be my entry price for a long trade.
this is my point of view and not set to be followed.
trade safe and use properly your leverage;
Comments
AncientM
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Very good catch Bou_zid. It seems you are profitable by now.
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Bou_zid
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Hello AncientM, i am not used to give trading entries,i think it"s the the duty of every traders to do it and not to follow others views. but sometimes, we try to help some rookies by this kind of set up. have no pretention about trading set ups.
good day
AncientM
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Hi Bou
Well said regarding not to follow other views. Our own strategy actually work now I feel.
Cheers
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