The USD absolutely mandatorily must at some point, probably sooner rather than later, go lower. Commodities will see a rise, crude will as well, and the lower the dollar goes the more the equity bubble will persist and the LT bull will continue. Once Q3 Comps are in the rear view mirror the comps get easier, but the slowdown continues. There is much to be...
May have a bit more to go on the downside and will need to give it some room, but if your patience will be rewarded.
Short 108.83 SL Above Prior Highs (ABOVE) as the image uses snap so do not go by that. In addition you can try shorting at 109.05-109.10 as possibility to drift to there is certainly a realistic expectation.
SL - Give it room to breath move to BE when get ahead.
Have patience, Earn the swap. Stay the course.
SL below previous lows, give it some room to breathe.
MEAN REVERSION Give it 100 pips or so to make 300 This is a risky trade, be sure to place a stop
Buy it, stick it away, forget about it for a month put a SL below the old low.
Tight SL on this one about .9920, if hit look to re-short near previos highs .9960. Don't want to sit in this one over long a duration with the high carry cost.
Earn the swap, stay the course, good RR and if desired place SL 30-40 pips below previous low and look to re-enter on price action turn.
Patience will be rewarded with both price movement as well as swap.