If DXY keeps breaking LTF support zones this thing could fall for awhile. Playing USD bearish for now
Short with DXY until proven otherwise. I will be wanting to move stops to break even as soon as possible here. you can see here we broke and are currently holding under that 1.3580, looking bearish
woke up to GU stopped at break even and UsdCad still running. DXY still looking bearish IMO and UJ is testing 107.3 resistance zone
We can see here DXY is struggling to hold above 96.6. Its my assumption that this is a bearish market and we will run into our first support area around 96.3. If that doesn't hold I think we will see it turn to resistance and start the drop to 95.6. Long GU until DXY tells us otherwise
DXY has been breaking key levels of support and is currently holding under 97.1; giving me a bearish outlook on usd/xxx and bullish on xxx/usd. IMO UsdJpy is offering the cleanest chart and the best R/R so I will be trading the yen in correlation with this chart, click to view trade idea . If we get above 97.7 that would invalidate this idea and I would look...
not too confident with this trade but the R/R cant be passed up
with DXY turning over and the LTFs on this pair looking bearish I guess I'll post it :)
looks like the consolidation phase is over
had to wait for this chart to clear up and we got in around a possible "bottom"
looks like 97.2ish wants to hold as support. on the lower time frames we have a nice test of 97.23 and price turned around and took off and i dont think its going to stop until 98.2 so we will have to wait and see about that some plays we can make based off this chart. GpbUsd UsdSek UsdChf and EurUsd this chart looks "late" because I posted a DXY chart...
DXY broke key support and is currently holding under 97.1 giving me a bearish outlook for USD/XXX meanwhile we have UJ setting up under 107.6 I'm focusing on this specific trade until DXY gets into the 96.60s which is the next level of key support.
dxy broke key support levels on the low timeframes so i closed all bullish dxy positions. Long EU for now because if 97.20 - 97.10 doesn't hold this thing could fall for awhile Something you need to take into consideration when looking at the charts I post is how I trade. I follow the DXY and basket pairs specifically. So lets say I have a bearish outlook on...
title says it all these are also target 1
to be super general we are in a range. 3200-3000. wont be much action till we get a break either way. Bullish until a new chart comes out stay tuned