DXY: Retracement possibly over, or in a sideways pattern
Updated
Downside is minimal, so I'll start buying back into my dollar positions gradually here.
After today's close, we can start buying into new daily highs, with a stop under yesterday's low. It might fail, but eventually this approach will lead to an excellent trade.
Alternatively to risking 0.5% each time and getting stopped until it goes, you could buy a wider stop position, gradually over a week. Risk in that case would be a $2.40 drop.
Good luck,
Ivan Labrie.
After today's close, we can start buying into new daily highs, with a stop under yesterday's low. It might fail, but eventually this approach will lead to an excellent trade.
Alternatively to risking 0.5% each time and getting stopped until it goes, you could buy a wider stop position, gradually over a week. Risk in that case would be a $2.40 drop.
Good luck,
Ivan Labrie.
Note
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