DXY broke out of a congestion October 2014. That was the signal to go long dollar for the long haul. The recent pullback to Fib.618 was a great opportunity to buy for those who weren't able to ride the breakout.
Went long after the first 15m spike, then took profits at daily EMA resistance
This is what happens when you are trading with scared money. You pre-empt your stop loss and the trade ends up making 2R. Because of the way AUDUSD broke down, the retracements were big.
Potential support this week. Watch for an hourly reversal to the upside.
Monthly - Just starting to break Weekly - Wait for a retracement to enter Daily - Strong trend down What's your take? Comment below.
Monthly - Still got room to go up Weekly - Hitting trendline resistance