After the bearish divergence is observed, we expect the price to take liquidity once forming a double top and then continue downwards. Sell Limit Entry Price 1.0950 Stop Loss 1.1005 TP 1.0730 Lot Size 0.45 Risk 1%
Following the daily timeframe trendline, after a change of character on the lower timeframe, we took the entry after the 162 support was breached. We are now targeting the nearest liquidity at 158.85 Sell Stop Entry Price 162.00 Stop Loss 162.90 TP 158.85 Lot Size 0.40 Risk 1%
Similar to the EURUSD we see that in the coming days DXY should be stronger and the trend to continue from the 0.5 FIB retracement. Buy Limit Entry Price 1.070 Stop Loss 1.062 TP 1.094 Lot Size 0.31 Risk 1%
We are targeting a 0.5 FIB retracement considering that the JOLTS data would temporarily make the DXY stronger. Buy Limit Entry Price 1.275 Stop Loss 1.262 TP 1.314 Lot Size 0.20 RIsk 1%