DXY: Potentially a short here
Updated
You can try averaging into a short position during the next 3 days, risking 3 average ranges from the last closing price, or, risk taking a tighter stop trade, ideally above 101.75 (but you could start with a half position at market).
The dollar appears to be at a significant intermediate term top, but it could also remain sideways. It's worth a try in this particular juncture.
Long
EEM, long Canadian dollar, Aussie, Pound, Euro, are probably good ideas. Short oil as a pair against CAD...quite a few proxies for this.
These trades serve as a nice hedge to long US equities exposure too, at the same time.
Good luck,
Ivan Labrie.
The dollar appears to be at a significant intermediate term top, but it could also remain sideways. It's worth a try in this particular juncture.
Long
EEM, long Canadian dollar, Aussie, Pound, Euro, are probably good ideas. Short oil as a pair against CAD...quite a few proxies for this.These trades serve as a nice hedge to long US equities exposure too, at the same time.
Good luck,
Ivan Labrie.
Comment
Conservative stop held, acting well.Comment
You can hold it with a break even stop, taking partial profits is ok.
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