jolicoeur342
Short

USDOLLAR - NFP FORECAST (SHORT)

FX:USDOLLAR   Dow Jones FXCM Dollar Index
Simple analysis, we got our OVERBOUGHT and OVERSOLD area! (above is overbought, under is oversold). The USD DOLLAR been looking strong the past week, but the USD normally keep their money high before a huge crash. When we take a quick look at USD index, we can clearly see a beautiful head&Shoulder Pattern forming + we been in our overbought so its now the time to go in our oversold area!
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So i'm BEARISH on the NFP and the USD dollar in general!
Simple trade, low risk, USD is bearrish to me!
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Let me know what you think about it in the comment below!
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Ok so you're bearish bt where did u put your sellstop & how many pips u risk
+1 Reply
I'm already in a short on the USD dollar on USDCAD, looking for around 200 pips
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