61.8% Fibonacci Retracement on DXY
Updated
61.8% Fibonacci Retracement on DXY at 96.44. As you can see, my Fibonacci tool is reversed to show extension levels so the 38.2% indicator is actually the 61.8% pullback.
Stop loss slightly below 61.8% if it is not bought up here; this last fib level is usually very precise and does not require a wide stop loss.
Stop loss slightly below 61.8% if it is not bought up here; this last fib level is usually very precise and does not require a wide stop loss.
Note
Trailing stop moved to 96.50Trade closed: stop reached
Long term DXY long and EUR/USD shorts still open, but volatility in the USD against other pairs caused the trailing stop to be hit for only a small 0.06 profit here.Trade closed manually
*Trailing Stop ReachedNote
9-2-0, with trailing stop hit for a profit on Dec. 4 :)
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.