Details explained in the chart.
Just a note, I entered this trade last night while the DXY was strong. Since then drawdown overnight but as DXY is starting to gain strength, pushing USDJPY up.
For late entries, look for pullbacks, set a low risk with large SL to take into account any DXY weakness. This trade has room to ride.
Just a note, I entered this trade last night while the DXY was strong. Since then drawdown overnight but as DXY is starting to gain strength, pushing USDJPY up.
For late entries, look for pullbacks, set a low risk with large SL to take into account any DXY weakness. This trade has room to ride.
Note
The last DXY pump is giving this trade some strength. But it is about to hit a resistance zone. Lets see if we can get an impulse to push it through. Note
Even with all the choppiness on DXY, it cleared that resistance zone. Hopefully, it can keep its strength and continue up. Note
I was so focused on GU that I wasn't paying attention to this trade. Although I saw at one point it drew down to 35 pips from 60 pips. Fortunately now DXY is gaining strength and the trade is going in the right direction again. Back to 55 pips in profit. Note
I am still in the trade. I haven't closed it yet. To add some confluence, here is what I am seeing on DXY:
- DXY breaking Bearish Structure
- Created a H&S on Daily
- Could push up and cause the USD pairs to become weak
Trade active
Trade closed manually
DXY becoming really weak so just closed the trade to maximize profits
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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.
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.