Dollar goes sideways in the short term
Updated
As my previous post pointed out, dollar retreated from my marked zone(refer to the link below).
Now, price touched the dynamic control low. From my point of view, price will be between the two marked zones for a while. The sideway will create some short swing trading opportunities next week, e.g. forex, commodities.
However, we should also be noted that price may penetrate the dynamic low zone. Then, price will go further down to the previous pivot low again.
That's the two most-likely scenarios in my head which I believe will enhance my trading results.
Now, price touched the dynamic control low. From my point of view, price will be between the two marked zones for a while. The sideway will create some short swing trading opportunities next week, e.g. forex, commodities.
However, we should also be noted that price may penetrate the dynamic low zone. Then, price will go further down to the previous pivot low again.
That's the two most-likely scenarios in my head which I believe will enhance my trading results.
Note
The dynamic zone works well.
plan your trade and trade your plan
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