EXY weakness DXY strength EURUSD resistance trendline hit. Going short!
GO SMALL! 0.02 MAX per $1K balance in your account. USDMXN short round 2.
Weekly Chart USDJPY Short Wait until Hyperinflation hits the Dollar... \
DXY -> Strength EXY -> Weakness We entered yesterday and are sitting at roughly +42pips profit. Still potential for a breakout to the upside, this would require something big with either the US or Europe (very possible) with the ECB's "announcement" coming soon. Rate cuts will continue this month. Likely going negative. Can join us now or wait on further...
Keep it simple. Short! Cut losses short if it breaks with any momentum or 3h candle body closures.
We have a bounce off multiple support & trend line areas. We are weeks/months away from an official bull run. We are long from here.
Will EXY continue to the upside or take a detour back and take a final test at the lower trend/support line? EXY is a main player this week in our trading pairs.
Don't mind the complete mess of a chart, we just got done giving a lesson on index TA. DXY bearish this week!
Our short was executed perfectly with 215+ pips locked in. But now where is GPBUSD going? If we take a look at BXY (GBP Strength Index) its rather unclear, we have a bias to say that GBP should fall with the brexit dealings. Take DXY (USD Strength Index) however and we can see a clear path to weakness. What we think could happen is a 2-5day drop down to the...
Would prefer to see EURCHF test the trendline, however we are long in EURCHF. EXY (EUR) looking bullish longterm. SXY (CHF) looking bearish longterm.
Support is in for EXY (EUR) we should expect to see EUR push to the upside (may have one more drop first). DXY (USD) should continue to drop this week.
Monthly look at where EURUSD is in relation to the base trendline.
Little more drop left in EURUSD USD is the main factor in this one. Keep an eye on it for long opportunities
Euro does have a bit more to drop but CHF could fall through the floor any minute. Great R:R - Odds are high that this trade will not work out and we are early, so use a small lot & plan ahead!
Small lot short *tight sl* just incase USD keeps gaining strength (unlikely) and GBP loses strength (more likely) H4 chart, would cut losses short if it does break to the upside.