Tradingforex
DXY H4 - Long SetupDXY H4
We mentioned that we are in unfamiliar terriory at the moment with DXY. We saw the extension higher yesterday off the evening events (FED). However, nothing too aggressive, possible corrections due, I'd like to see us push 94.500, pullback and then break upside on the next attempt as indicated.
Whether we see a short term correction first (today), we will have to wait and see. But ultimately, something like forecast would make sense to me.
NZDCAD H4 - Short SetupNZDCAD H4
Approaching our S/R trading zone at 0.87500 price, possible area to see reversals and a range trade. Seem to be slowing somewhat around this 0.87 whole number, but I image we will break upside.
Always looking to instigate positions from our H4 trading zones, rule #1.