I have a channel for the dollar's current price movement. Maximum potential price point for dxy will be 97. From there we will see a downturn most likely to 96.50
How many of you remember TV Video Game Mario Brother;s ? USDJPY price action looks like the same...Up..up..Up. Now the price is down...down, so I have just shorted USDJPY in marked resistance zone. This will be with two target and by trailing stops after target 1. Check your rules before entering any trade.
Happy Trading !
