Pattern wise: I am looking at this inverse Head and shoulder
- Bear in mind the channel down - we really need to break out of that to have dollar strength - If we go above 94.30 and closing above channel down area - Bulls are back in control and my targets for dollar would be between 95-96 area .
Lets dig in deeper - If we get dollar strength - EUR 1.15/1.13 area, other majors would pull back as well, Equities will decrease and precious metals will decline further...That would be delightful for building a longer term position again to get in long. However, vice versa if we get the opposite - key levels noted on chart!
KEY TIPS:
- Keep in mind END OF MONTH FLOWS
- Stick to your trade plan
- would be bullish flag forming within
- Try and trade without a bias
- Leave your emotions out of it
- Add a stop where you think appropriate
Remember: Just a trade idea, not a recommendation.
All the best,
Trade Journal
- Bear in mind the channel down - we really need to break out of that to have dollar strength - If we go above 94.30 and closing above channel down area - Bulls are back in control and my targets for dollar would be between 95-96 area .
Lets dig in deeper - If we get dollar strength - EUR 1.15/1.13 area, other majors would pull back as well, Equities will decrease and precious metals will decline further...That would be delightful for building a longer term position again to get in long. However, vice versa if we get the opposite - key levels noted on chart!
KEY TIPS:
- Keep in mind END OF MONTH FLOWS
- Stick to your trade plan
- would be bullish flag forming within
- Try and trade without a bias
- Leave your emotions out of it
- Add a stop where you think appropriate
Remember: Just a trade idea, not a recommendation.
All the best,
Trade Journal
Ghi chú
Range bound - Until broken either direction.Ghi chú
Depending on fundamentals: Stimulus heavily.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.