DXY- possible dead cat bounce
DXY retraced 61,8% from recent highs and touched the lower end of the ''trading-channel'' since the top, which favours a possible bounce from recent levels. In that matter, we have seen some traction on USD pairs, such as USDNOK and USDCAD reacting upwards today.
In that matter, this setup offers a long setup with a fair risk/reward ration. Long from current levels, stop loss if we close below recent lows and target up against 100 area.
Play safe!
In that matter, this setup offers a long setup with a fair risk/reward ration. Long from current levels, stop loss if we close below recent lows and target up against 100 area.
Play safe!
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