BULLISH DXY
Updated
DXY has bottomed out around the 89.50 level and has continued to grind higher since. The next level that we took out was the 89.90 level which now acts as support and the upward trend line and pivot area. I expect a move higher in the dxy in the coming weeks and therefore I will sell the rallies in EURUSD and AUDUSD and buy the dips in USDJPY.
Good luck!
Good luck!
Note
This strategy worked out well, I have sold my dollar longs into this rally and am now flat all dollar pairs.Note
Sold GBPUSD at 1.3980 & 1.40 ...Note
Sold EURUSD @ 1.1920Note
Sold AUDUSD @ 0.7580Note
Closed AUDUSD for +62 pips!Note
Closed GBPUSD at 1.3830 for + 150 pips.
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