Just playing out the possible consolidation on the US dollar soon (with Fed rate hike already priced in and divergence seen on RSI in the weekly DXY chart, not to mentioned the possible dovishness of the Fed by 2019). Also just riding the recent ranging movement of this pair.
Setting sell stop order with TP @20-20.1 (-38.2 to -61.8 fib levels) and SL @20.58 (between 61.8-100 fib levels).
ft.com/content/2f1c51f4-f499-11e8-ae55-df4bf40f9d0d
DXY:
Daily:
Weekly:
Confidence: C (high probability of getting whipsawed; also need to close this position before PMI news tomorrow and NFP news on Friday)
Setting sell stop order with TP @20-20.1 (-38.2 to -61.8 fib levels) and SL @20.58 (between 61.8-100 fib levels).
ft.com/content/2f1c51f4-f499-11e8-ae55-df4bf40f9d0d
DXY:
Daily:
Weekly:
Confidence: C (high probability of getting whipsawed; also need to close this position before PMI news tomorrow and NFP news on Friday)
Trade closed manually
I'm an idiot to fall asleep during NFP and forgetting I still have USDpairs open such as this one. Thankfully this one is a gain. But still bad risk management on my part.
Related publications
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.
Related publications
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.