Similar to the USDJPY trade I'm taking a position based on two things, price is at channel resistance whilst DXY is at support. Granted, DXY hasn't necessarily been performing well in the past couple of months but I believe we have found a bottom.
I think we see a DXY rally which will negatively effect other currencies vs the USD base.
İşlem kapandı: durdurma seviyesi
GBPUSD: Stopped out of this. DXY is trading like it's the new global reserve toilet paper.
Will look to see how price reacts on a retest of that channel breakout before entering new positions.
Not
Retested the channel breakout and claimed successfully. Trade invalidated.
Not
Watching this closely as price once again trades near the upper channel R/S
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