This pair is about to reach its current resistance 1.012. Getting ready for possible reversal in case USD index reverses down too and doesn't rise all the way to 100. Shorting this pair @1.005 or near it (depending on how price action plays out later) after Powell's speech later (so far I'm bearish in USD overall). Initial TP is @0.9985-1.00 and SL @1.001.
bnnbloomberg.ca/u-s-recession-increasingly-credible-to-top-ranked-strategy-team-1.1211119
Daily:
Weekly:
Confidence: B (will wait for how Powell's speech will go later. Also need to close this trade too before other USD econ news later this week)
bnnbloomberg.ca/u-s-recession-increasingly-credible-to-top-ranked-strategy-team-1.1211119
Daily:
Weekly:
Confidence: B (will wait for how Powell's speech will go later. Also need to close this trade too before other USD econ news later this week)
Trade closed manually
Manually closed to avoid possible loss from current ranging trend
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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.