Pretty clean setup if it breaks market structure. I'll be keeping an eye on this one.
Just don't think the dollar has topped out just yet. Hard rejection from previous day high would also be convincing. Currently short via IAU ETF.
Close above 25.5 would invalidate idea. Currently in a short position via SLV ETF.
Had my eye on this setup finally looking like it wants the retest. Will take a position if it does.
Market bought into this short setup. Expecting more downside with DXY looking strong and EUR pairs looking weak. Could see mid 1.50's.
Keeping clear of majors until I see weakness from the dollar. Doesn't have to play out this way, but I'm expecting it to stall at mid 96.
Long setup I'm interested in. Looking to enter between 1.23870's-1.23930's.
Made some improvements to my trading plan with Cable.
Let's see how it goes.