DXY: Long term trend reversal
Updated
I reccomend taking longs in DXY here, stops under 95.48, and risking 0.5-1% on this trade.
It's highly likely the trend will resume it's monthly pace, and head up, and make new all time highs, but for the time being, you can aim for everyone and their mother's stop losses at 97.57.
Good luck!
Ivan Labrie.
ps: If interested in access to my private tuition and/or trading signals weekly newsletter and whatsapp signals, message me privately for details. I'm offering a discount on subscriptions currently.
It's highly likely the trend will resume it's monthly pace, and head up, and make new all time highs, but for the time being, you can aim for everyone and their mother's stop losses at 97.57.
Good luck!
Ivan Labrie.
ps: If interested in access to my private tuition and/or trading signals weekly newsletter and whatsapp signals, message me privately for details. I'm offering a discount on subscriptions currently.
Note
Note
The yen and euro took a nasty hit after the ISM news.I closed for now, and closed gbpjpy, but still in GBPAUD, GBPCAD, GBPSGD, XAUUSD short/XAGUSD long, SPX short, etc.
I might reenter tomorrow.
Note
Friday's close is interesting, we'd need to see how this week's price action evolves, there's a lot going on, fundamentally speaking.Note
EURUSD isn't too strong but JPYUSD is gaining traction, this doesn't bode well for DXY.Note
We were close, now it's pretty sure to assume we'll get a longer term signal here.
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