Appears that USD is weak across the board, Commerzbank backs it... so should you lol
In technical terms:
- Extra Pinbar (Nice and tasty)
- Downwards Trendline (May 2019 onwards)
- Profit Target at Monthly Pivot Point
BWOY Tell me I'm wrong.
After 7 weeks of lower lows for the USD, I see potential for the beginning of a turn around in the greenback.
Strong jobs data last week from the Fed and US ISM predicted positive early next week, followed up with rate decisions from the BOE, RBA & RBNZ later in the week.
Technically, DXY is reacting with the bottom of a two year channel, but is yet to close above...
Bouncing from top of Channel, position opened yesterday evening, watching how price reacts with next set of Pivot Points.
Roughly 3/1 Risk to Reward, stop loss moved this morning from 2/1.
Have a tasty friday,
See ya later daters.
I had a nightmare with this.
Thought I would be extra clever and set an order in each direction with with my Spreadbetting account and with a trailing stop loss on both
As you can see the sell side "should" have executed perfectly...
due to slippage the price moved so quickly it skipped right past my order :')
safe to say we learnt something today