As always technical analysis of DXY shows we are about to complete a pullback on the 1h time frame. I also expect this pair to be completing a pullback around the same time. We will look for reaction in the purple area before entering a short position.
Trade active
We are finally seeing the reaction that we have wanted to see during the dxy pullback. We are now entering short positions on AUDUSD and GPBUSDNote
GBPUSD:ENTRY - 1.22028
SL - 1.22299
TP - 1.21241
Trade closed: stop reached
Overall our view on DXY is still bullish! When comparing this further it appears we are in a pullback/consolidation on the 4h chart! Once this one completes we will once again continue to go long on DXY.
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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.