Spring backtest of local level.
We have gone long to the two targets, the stop loss can be a little looser, but price action below the level would be bearish.
This set up would be stronger if the backtest happened at a key historical level, however it is still strong enough for this move. 4h convergence on both oscillators and the daily MaCD is also about to flash green.
We have gone long to the two targets, the stop loss can be a little looser, but price action below the level would be bearish.
This set up would be stronger if the backtest happened at a key historical level, however it is still strong enough for this move. 4h convergence on both oscillators and the daily MaCD is also about to flash green.
Comment:
Holding the level for now but of course it doesn't look too good. The DXY is at a key support level from the last year, lets see how it behaves.
Comment:
Out. We'll watch it again should we spring back above