Very easy.
Short now.
Stop loss above the black line.
Those that want to play it a bit more risky. Move stop loss to a bit further up in case of a bull trap. (around 1.138)
Downtrend line has been very strong in terms of resistance.
DXY looks like it may explode upwards soon if good fundamental news comes out.
Targets are black lines underneath and longer term target is bottom of the channel.
Good risk:reward ratio.
Good luck.
Short now.
Stop loss above the black line.
Those that want to play it a bit more risky. Move stop loss to a bit further up in case of a bull trap. (around 1.138)
Downtrend line has been very strong in terms of resistance.
DXY looks like it may explode upwards soon if good fundamental news comes out.
Targets are black lines underneath and longer term target is bottom of the channel.
Good risk:reward ratio.
Good luck.
Trade active
Will be getting a short position from the resistance above. Stop loss just above it.
Trade closed: stop reached
DXY news was bearish.
Big ooft
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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.
Big ooft
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.