Here's a little update on USDX. I've been scalping this short with a long bias for a while now; as you can see, we're approaching a major trend line.
Of the many possible outcomes, these are the two I'm watching for the most.
1. We move to the upper resistance zone around 105.75, followed by a wick back down into the larger pattern, which would generate significant bearish momentum.
2. We hit resistance and experience a moderate pullback before a sudden upward burst.
Provided we wick back down we will fill our exposure and be able to change for the larger move up. Alternatively, will position ourselves for the move up on the retest of the topside of the pattern.
The arrows on the chart are not targets just to show direction. Please note this always.
Of the many possible outcomes, these are the two I'm watching for the most.
1. We move to the upper resistance zone around 105.75, followed by a wick back down into the larger pattern, which would generate significant bearish momentum.
2. We hit resistance and experience a moderate pullback before a sudden upward burst.
Provided we wick back down we will fill our exposure and be able to change for the larger move up. Alternatively, will position ourselves for the move up on the retest of the topside of the pattern.
The arrows on the chart are not targets just to show direction. Please note this always.
Not
Adding a fair amount of exposure here on the short side.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.