I entered this trade on the pullback.
Structure on lower timeframes looks to be solidifying. Hoping a little dollar weakness can trigger an impulse up.
Looking at DXY, it looks like it is topping out and could come back down at any moment.
Note, this is a high risk trade:
- Entered without Price Action confirmation.
- May see a larger pullback for London Open.
My bias on DXY is still bearish and EU is still bullish, which is why I am so aggressive on this trade.
I will exit this trade if I don't like the price action in a loss or if I meet my profit target.
Let me know your thoughts.
Trade Safe!
HEET
Structure on lower timeframes looks to be solidifying. Hoping a little dollar weakness can trigger an impulse up.
Looking at DXY, it looks like it is topping out and could come back down at any moment.
Note, this is a high risk trade:
- Entered without Price Action confirmation.
- May see a larger pullback for London Open.
My bias on DXY is still bearish and EU is still bullish, which is why I am so aggressive on this trade.
I will exit this trade if I don't like the price action in a loss or if I meet my profit target.
Let me know your thoughts.
Trade Safe!
HEET
Trade active
Note
TP1 just hit. Note
After stopping out break-even, I'd been watching the yields and DXY closely.I reentered the trade and it is already set to break-even.
Lets see if the yields can push down resulting in a DXY drop.
Note
Surprisingly my 2nd try hit TP1Trade closed manually
TP2, TP3 & TP4 also hit. I am out of the trade now. I am expecting another DXY pullback to drive the price down and hopefully reenter again.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.