Sell in May and Go Away
Updated
The last candles of the Daily Chart are clearly and show an exhaustion in the region of 1.10.
I believe the market was just waiting for the beginning of May and the results of the economic calendar to start a happy correction to 1.07500 region.
When I analyzed the DXY chart this morning, which is likely to test the top of a long triangle, I believe we will correct to 1.07500
This morning, when I studying the Dollar chart (DXY), is clear that we have strong support in the 101,000 region and probably we wil going to test the top of a long triangle.
Happy Short!
I believe the market was just waiting for the beginning of May and the results of the economic calendar to start a happy correction to 1.07500 region.
When I analyzed the DXY chart this morning, which is likely to test the top of a long triangle, I believe we will correct to 1.07500
This morning, when I studying the Dollar chart (DXY), is clear that we have strong support in the 101,000 region and probably we wil going to test the top of a long triangle.
Happy Short!
Trade active
Position opened at 1.10010target: 1.07500 region
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