So we see the greenback has had a rally and has actually broke the trend line resistance as well as the 0.382 fib line, which the sellers were holding onto.
This is very important to note, as the sellers have clearly been in control of this line and guarded it about 3 times as the charts show.
Not much to note other than the USD is flavour of the month again right now, and if post NFP figs please then this will enjoy a good rally upwards.
Worth noting EUR/USD has broken 1.17 to the downside, which will of course have an effect on the Euro cross pairs i.e EUR/CHF adding more cause to our trade.
DXY posted its highest level in 7 weeks .
Entry @ MKT post NFP figs
Stop set @ 0.9750
TP @ 98.70 just below the 0.5 fib line
Happy trading guys and have a great weekend , if you have kids enjoy your time with them :)
This is very important to note, as the sellers have clearly been in control of this line and guarded it about 3 times as the charts show.
Not much to note other than the USD is flavour of the month again right now, and if post NFP figs please then this will enjoy a good rally upwards.
Worth noting EUR/USD has broken 1.17 to the downside, which will of course have an effect on the Euro cross pairs i.e EUR/CHF adding more cause to our trade.
DXY posted its highest level in 7 weeks .
Entry @ MKT post NFP figs
Stop set @ 0.9750
TP @ 98.70 just below the 0.5 fib line
Happy trading guys and have a great weekend , if you have kids enjoy your time with them :)
Note
Okay guys so were still on the sidelines here , Fridays figs were horrible , and the USD has seen some selling pressure .We have some key data coming up this week , so stay alert and we will see how the MKT reacts to it , right now the 0.382 FIB line has given up support and sellers are jumping on board but we will see post data this week .
Stay tuned
Trade closed: target reached
Okay guys so very important to note here as mentioned previously , buyers are stepping in again for now , we have reached our target. However we are going to move our stop, and run it right to see if this moves further up as naturally it’s approaching a fib level where profit taking should be seen.Those who were patient with this trade well done.
Stay tuned
Note
Right guys as mentioned , this has definitely stretched its legs now , with yesterdays ECB'S comments pushing the EUR/USD cross rate lower, its had an effect on other cross rates and subsequently helped the USD .As you can see this has totally broke through the barriers and above the next fib level 0.618 .
What a lovely trade we were out for a profit , and then its jumped another 100 pips that's trading but at least we made a nice profit .
Stay tuned guys
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.
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.