jswalsh242

jswalsh242

or the trend runs through the bears again.

jswalsh242

The USD reversal.... maybe.

jswalsh242

The DXY broke out higher and is testing resistance. If price is able to push through the at 94.30-94.50, then price is clear to test last swing highs at the 95.00 level. Which could set up a possible double top pattern to look out for.

jswalsh242 Updated 

Using the 1hr time frame for this trade set up. Use lower time frames to make for confluences. Use higher time frames to manage the trade. Long at confirmed break above .7050 Invalidated at .7030 targeting .7100

jswalsh242

Price is testing a previous Support level on the daily ranging from 129.00-129.50. Also weekly 200MA is at 129.00. Looking to sell EURJPY in a zone from 129.00-129.50. Trade is invalidated with a break above 130.00 The target price is in the zone near previous daily swing low around 124.00-125.00 The minimum Risk/Reward is 4:1.