In the upcoming week, my optimism remains steadfast. The DXY continues to exhibit an upward trajectory, with its target poised in that direction. The recent Break of Structure (BOS) formation on a higher time frame solidifies my conviction in the DXY's potential for further up move. However, a measure of caution stems as approaching month of September. It's worth noting that historical DXY seasonality contradicts the current chart dynamics.
My focus will be keenly set on the upcoming week, particularly post Wednesday. The release of Non-Farm Payrolls (NFP) news will undoubtedly steer market sentiments, presenting us with intriguing opportunities. To me, Tuesday and Wednesday hold significance, as these days dedicated to capitalize on potential market moves. In case the circumstances do not align favorably, I will sit and wait for good opportunity
My focus will be keenly set on the upcoming week, particularly post Wednesday. The release of Non-Farm Payrolls (NFP) news will undoubtedly steer market sentiments, presenting us with intriguing opportunities. To me, Tuesday and Wednesday hold significance, as these days dedicated to capitalize on potential market moves. In case the circumstances do not align favorably, I will sit and wait for good opportunity
Note
Today DXY was performing exactly as i was predicting i go short in eur in London bt now exist at break even as market is seek and destroy profileNote
I find myself currently in a neutral position regarding this chart. I believe that more price action is necessary to accurately gauge the upcoming week's market trends. Until I have more information, I'm choosing to remain on the sidelines, particularly due to the impending NFP news announcement. This will likely provide crucial insights that will guide my next moves.Order cancelled
Note
tp hit DXY takesout march highchech out my eurusd in my profiles i had given nice sell call for eurusd in sept
Trade closed: target reached
eur give nice sell setup while using dxy for eur setup see my profile
Related publications
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.
Related publications
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.