I closely watch GU & GJ, and as bullish as they have been, it feels like they may come down for a retrace. GBP is losing alot of steam today.
It doesn't help that DXY keeps bouncing up like crazy every time it gets close to that psychological level.
The resistance around 1.42 has been holding strong and created a double top.
I am looking at the key level around 1.411 for potential entries for shorts.
I don't like taking trades against the trend so price action will be monitored closely for potential break & retest entries.
Let me know your thoughts.
Trade Safe!
HEET
It doesn't help that DXY keeps bouncing up like crazy every time it gets close to that psychological level.
The resistance around 1.42 has been holding strong and created a double top.
I am looking at the key level around 1.411 for potential entries for shorts.
I don't like taking trades against the trend so price action will be monitored closely for potential break & retest entries.
Let me know your thoughts.
Trade Safe!
HEET
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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.
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.