USD recovery lately on the DXY has seen price come back up to tough on previous highs, the double top hear could have been a great spot for a reversal to the downside or a break and retest long towards the next EQ around 112.
The short offers a much higher RR for the mid term but I cant ignore the fact the DXY was regaining strength and the volume increasing towards the double top and break.
Expecting to see this break out to the upside for a short/mid term run low R trade for me
The short offers a much higher RR for the mid term but I cant ignore the fact the DXY was regaining strength and the volume increasing towards the double top and break.
Expecting to see this break out to the upside for a short/mid term run low R trade for me
Trade active
jobs onNote
good reaction after the pull backTrade active
nice price action on the push after the retest, keen to see more upside this week
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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.