DXY
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - MONTHLY
Timeframe - 6 Months
You will see a very strong USD move to the north which will drive down commodity levels, Metals and the crypto market. This may last for 6 months so hold on!!
Plenty of opportunities in the second half of this year!
Whilst the dollar gains strength this may spook the market creating a strength in the gold and silver market so keep an eye out for the bounce!
Post Quantitive easing 1 through to 4 in the U.S there has always been a strong bull market roughly 13 months after the start of the easing programs. This will give you a rough indication on when to expect the next bull run for the index.
If the dollar does get to the projected all time highs this may cause the market to collapse.
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 125.00
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ 92.8
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 125.00
Target 2 @ ....
Risk/Reward @ 1.7
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - MONTHLY
Timeframe - 6 Months
You will see a very strong USD move to the north which will drive down commodity levels, Metals and the crypto market. This may last for 6 months so hold on!!
Plenty of opportunities in the second half of this year!
Whilst the dollar gains strength this may spook the market creating a strength in the gold and silver market so keep an eye out for the bounce!
Post Quantitive easing 1 through to 4 in the U.S there has always been a strong bull market roughly 13 months after the start of the easing programs. This will give you a rough indication on when to expect the next bull run for the index.
If the dollar does get to the projected all time highs this may cause the market to collapse.
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 125.00
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ 92.8
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 125.00
Target 2 @ ....
Risk/Reward @ 1.7
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Follow your Trading plan, Remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!