Cashtrading
$DXY - It has been my best friend for while...$DXY - It has been my best friend for while...
We have a saying in trading: The trend is your friend until it breaks!
We reaching key areas, my longer term target if we break above 110 areas next 120 IF we get there. I do really like to keep an open mind to either direction. However, we had a large pull back this morning which makes sense to have. Keep an eye on the key areas we at break above or below shorter term and longer term the big question is - Is this a pattern brewing of a rising wedge to have a pull back medium term?
Things to keep in mind are the key fundamental data we had FOMC yesterday dovish and 75 hike it was expected the slimmer chance weeks went by of 100 and that did sound like a joke imo. However, we pulling back FX Majors check HT as it really key and we entering near end of month as well.
Remember: Follow your own trade plan, it will make you very successful.
TJ
IRB B @ 224 TARGET @ 230Dear Traders,
IRB B @ 224 TARGET @ 230
Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target.
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