Price is under the monthly open. COT sentiment is divergent and crossing which gives a hint about a coming pullback, but overall it still looks like a short. Price is over the 0 line for the long run which makes it to be a buy trade over the long haul as well. Did I confuse you? if so I apologize )) I will trade it based upon the monthly open and use the coming...
The charts I post here is aimed to illustrate my view on things. I use the tools available here at TV, but with that said I do not vouch for any of its individual accuracy. Personally I do not consider time (as in what TF you trade on) to be of importance. I track and trade price levels and price levels only. Its either a fair deal, an awesome deal or a crappy...
Price at a cross road Worth keeping an eye on imo Interesting trading month ahead
The 90 level is back in play yet again. It has been predicted many times over to be hit the past year. This time around price is very close to make a new low at least - so lets see what the market has in store for us coming weeks.
Price is at a very interesting level right now. Price has not been able to reverse the trend just yet and there is still some downside retracement risk to consider. again it will all depend on the weekly DXY mood and everything else out there. I will be on the sideline on this one for now.
I am interested to buy down here with the following TPs: TP1: 108.50 TP2: 111.50 TP3: 115.50 If I can get in around 105 then great but I will settle for less depending on what I see next week.. Possible that I will enter a pain trade but at least I know it from the start. Set your stop levels as per your own risk tolerance