Purchase range: 1.29400
Targets: 1.29734- 1.30068- 1.30402
Stop loss The first goal: the profit to loss ratio is 1: 1 (1.29066)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 1.29400(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
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a. 1W – Candle closed with a bearish sentiment.
b. 1D - Uptrend has been broken, therefore we are looking for a re-test and some short position .
A lot of news directly influenced the price movement last week. And there is no doubt if #DXY will continue to gain strength this pair is more likely to continue its downtrend.
The alternative scenario...
Waiting on a pullback before entering LONG.
I'm expecting price to fall into the trap between now and Tuesday next week to then take out the highs by end of next week.
I want to see DXY / USD break 93.20 to gain strong conviction USD is going to continue to break down to 92.80 and beyond in coming weeks.
These are crazy times, make sure your controlling your...