I use DXY (DOLLAR INDEX) as the key for all my USD trades (it produces nice patterns!!).......I expect to see weakness in coming hours in USD as the neckline is broken so good for GOLD and EURUSD...however it should pullback at point D...this is where I would close my EURUSD longs and GOLD LONGS..I may short EURUSD and GOLD at point D.....I would look to buy EURUSD again and GOLD again soon after when DXY confirms that it cant make a higher high....medium/long term Dollar looks weak to me...and EUR/GOLD should rally...I will wait on all USD trades until after FOMC announcement later today...
Trade active
DXY hit the reverse target..Ive bought USDJPY
Trade closed manually
took profit on USDJPY...DXY looks weak...Note
Note
Downtrend line now broken...so Im getting ready to short EURUSD when it breaks its own downtrend....
Note
correction ....EURUSD uptrend line..shorting on .618 fibNote
I shorted EURUSD on break of trendline..I will add to my short if price retests this trendline...
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.