StrictlyProfit1M

StrictlyProfit1M

Dollar is looking weak for this week and possibly the rest of this month I’m seeing lots of longs on the dollar get closed and Asset managers are hedging against the dollar. We are seeing price not respect the previous highs and a lot of new sellers who got stopped out are re entering so I believe we could see a small drop then continuation to the upside this week .

StrictlyProfit1M

Dollar strength this week and month looks promising we have had some good meetings with China this week and there’s a lot of optimism around the dollar . However there’s a many stop losses above as we have many sell positions so i belive we will see a rally up and a big rejection and this trade could happen quickly . We already had a successful setup with this...

StrictlyProfit1M

I’ve been seeing some accumulation now below and above and there’s a lot of sellers above waiting for price to drop which it should but maybe not right now as I don’t see the pressure for it . So I’m long for today then most likely short for the rest of the week and this month .

StrictlyProfit1M

I’ve done further analysis and noticed that we have had strong upside rejection and closure of price . We have liquidity below and most institutions are buying the dollar as supposed to selling it . All points to a strong bullish dollar this month . Expect EURUSD to fall .

StrictlyProfit1M

I see a build up of shorts for the dollar and reduction in longs . The dollar seems like it will continue short we might see it rally for a bit to take out more buyers I have a max SL of 150 pips which if reached invalidates my idea for the month. However I do have a tighter one for my entry . I’m targeting imbalances and liquidity above .

StrictlyProfit1M

I’ve been seeing an accumulation of shorts in the dollar suggesting more weakness in the weeks/months ahead . Also many rejections at certain price levels etc.

StrictlyProfit1M

Ended up going long too much upward pressure etc .