DXY-BUY strategy
I am happy the stop-loss yesterday was executed with a minor loss. I was not convinced either way, and instead the DXY went through the daily-chart cloud support and moved lower. Looking at the 4-hourly chart (for very short-term view), the move lower went a little to steep. This creates a short-term BUY opportunity, but of course we keep things close to the belt.
Strategy is BUY current 95.30-95.40 range and place stop let's say 35 pips away, i.e. 94.95 and take profit 95.85-95.90. The over all trend is down, but we are oversold and for that reason think it is worthwhile try here.
Strategy is BUY current 95.30-95.40 range and place stop let's say 35 pips away, i.e. 94.95 and take profit 95.85-95.90. The over all trend is down, but we are oversold and for that reason think it is worthwhile try here.
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.