I am happy the stop-loss yesterday was executed with a minor loss. I was not convinced either way, and instead the DXY went through the daily-chart cloud support and moved lower. Looking at the 4-hourly chart (for very short-term view), the move lower went a little to steep. This creates a short-term BUY opportunity, but of course we keep things close to the belt.
Strategy is BUY current 95.30-95.40 range and place stop let's say 35 pips away, i.e. 94.95 and take profit 95.85-95.90. The over all trend is down, but we are oversold and for that reason think it is worthwhile try here.
Strategy is BUY current 95.30-95.40 range and place stop let's say 35 pips away, i.e. 94.95 and take profit 95.85-95.90. The over all trend is down, but we are oversold and for that reason think it is worthwhile try here.