DXY: Interesting weekly short
Updated
This is a follow up trade to my prediction of the top for the Dollar.
Check related ideas for my previous forecast.
We have a very good trade setup here and the target and expected ETA is on chart.
The lackluster reaction to the Fed's rate hike and the current sentiment readings make me think that this trade setup is of high probability, making it an ideal trade to take asap. When fundamentals and technicals align, we get the best results.
Good luck!
Ivan Labrie.
Check related ideas for my previous forecast.
We have a very good trade setup here and the target and expected ETA is on chart.
The lackluster reaction to the Fed's rate hike and the current sentiment readings make me think that this trade setup is of high probability, making it an ideal trade to take asap. When fundamentals and technicals align, we get the best results.
Good luck!
Ivan Labrie.
Trade active
Note
Entry #1 filled.Note
Entry #2 was barely missed...so sad.Note
Waiting for US stocks to open.Note
Bewm...Note
Smooth sailing, waiting for GDP in 43 minutes.Note
So far so good, but at the end of the week we'd need to hit my target to stay in safely.Might gap down on next week's open.
Note
Expecting gap down.Note
Might be wise to trail stop loss down to 97.96Trade closed manually
Safer to back down in minimal profit.Note
If in DXY shorts, flip long with 1-3 daily ATR stop.Trade closed: target reached
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