DXY - Next IMPULSE LEG, what to do?DXY needs some recovery before the FINAL IMPULSE leg for the full recovery to take place. We are seeing bearish signs across the board but LONG TERM we're BULLISH Dollar!
We have TWO PLAYS here. We expect DXY to push up to the BASELINE before the drop, we have an opportunity to SHORT xxxUSD and when we do hit the BASELINE we have a potential LONG
continuation on xxxUSD.
ENTRY (Risk Entry, Good Reward) -:
1) Take a SHORT on xxxUSD market open to take advantage of DXY bounce.
2) We pullback is complete take a LONG on xxxUSD for final leg to reaction zone. (check profile for xxxUSD and USDxxx IDEAS)
INVALIDATION
IF price shoots down down 101.778 exit all xxxUSD SHORT and get ready for a DIV setup.
TARGETS
We're looking at BASELINE for LONGS and DIV on DXY as SHORT target. Use targets accordingly to validate USD exits and entries.
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
