Short term USD correction?DX at a major level of support with confluence from Fib and trend line. We will watch this level for a correction to the upper trend line. Use the majors and minors and look for correlating levels to take advantage of what could be a short term correction.
We are currently short EUR/USD from 1.0820 a very aggressive entry using this correlating analysis (therefore reduced risk), we will look to add in on further confirmation with T1 around 1.07 on EUR/USD
Phoenixblue
Short Gold Gold is at a significant level now with major structure from multiple sources. I will be trading a shift in sentiment on the lower time frame with targets already outlined on the charts.
Article 50 Trigger to compound a short term correction in USD?technically GBPUSD set to drop back to 1.21 add the fundamentals with article 50 triggering next week on the 29th, will we see a sell off in GBP in anticipation of what may happen.
DX short term correction for me will add more downside to this trade, nice R:R
Gold to fall with DX correction Risk on?Major resiatsnce formed on weekly chart around $1250 even handle, fib level and structure. Now double top forming H4 looking to trade back down T1 $1232-30 then extended target of $1205
COT signal directional change for coffee?Looking to trade coffee long with stops under previous cycle low for conservative risk. Target upper TL , allow for fluctuations of price with an accommodative stop management in order to achieve the desired target.
Dx looking for short term correctionDx is now at major support with confluence of fib level and TL. will we see short term correction and resume some dollar strength. Watch other markets such as eur, chf, jpy and gbp for USD strength.
