As January comes to an end, the US Dollar Index sits at a critical technical level.
It is unlikely that the trend since October 2019 { red & blue regression } will continue downwards as it has been but right now it is time to be prudent - tighten stop losses & potentially scale out of open longs, as there is the risk of the December swing { red box } gains to be wiped out. No shorts to be initiated.
It is unlikely that the trend since October 2019 { red & blue regression } will continue downwards as it has been but right now it is time to be prudent - tighten stop losses & potentially scale out of open longs, as there is the risk of the December swing { red box } gains to be wiped out. No shorts to be initiated.
Note
Profit continuesTrade closed manually
Time to exit EUR short, but NZD short continues with JPY hedge.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.